As summer comes to an end, Polish consumers are bracing themselves for a potential price shock. Experts predict that everyday shopping will become 5% more expensive after the holidays, citing factors such as inflation, rising gas and electricity prices, and improved financial situations for Poles. However, this increase may vary depending on the category of products, with some items experiencing a more significant hike.
The ongoing price war between major retailers has been keeping prices low for now, but this respite may not last long. According to Robert Biegaj, an expert from Grupa Offerista, retailers will soon try to pass on the additional costs to consumers, which will lead to another round of price increases. Dr. Maria Andrzej Faliński, former General Director of POHiD, shares this view, predicting that prices will rise by around 5% after the holidays.
The factors contributing to the expected price hike are multifaceted. One of the main reasons is the rising cost of living, which has been steadily increasing over the past few months. Additionally, the improved financial situation of Poles has led to increased demand, which in turn has driven up prices. Furthermore, producers are facing higher costs due to factors such as bad weather, which has affected the production of fruits and vegetables.
Another significant factor is the ongoing price war between major retailers. While this has kept prices low for now, it has also led to reduced profit margins for retailers, who will eventually need to increase prices to maintain their businesses. As Dr. Faliński notes, this price war has been ongoing for some time, and it is unlikely to end anytime soon.
The experts agree that the prices of everyday products will continue to rise in the coming months. Robert Biegaj predicts that prices will increase by around 5% in September and October, while Dr. Faliński expects a similar increase before Christmas. This could lead to a significant price shock for consumers, especially during the holiday season when expenses tend to be higher.
The impact of these price increases will be felt most by low-income households, who will struggle to cope with the rising cost of living. As Dr. Faliński notes, many producers are already facing difficulties due to factors such as bad weather, and this will only get worse in the coming months.
In conclusion, Polish consumers should be prepared for a potential price shock in the coming months. While the ongoing price war between retailers has kept prices low for now, this respite may not last long. As retailers try to pass on additional costs to consumers, prices will inevitably rise, leading to a significant impact on household budgets.
Key Statistics:
* 5%: Expected increase in prices of everyday products after the holidays
* 6-7%: Potential increase in prices before Christmas
* 4%: Increase in prices of everyday products in July
* 3%: Increase in prices of everyday products in June
* 2%: Increase in prices of everyday products in April
Sources:
* Uniwersytet WSB Merito
* GUS (Polish Central Statistical Office)
* Grupa Offerista
* POHiD (Polish Organization of Trade and Distribution)
