Inflation expected to jump
A jump in inflation can also be expected at the beginning of 2023, when the price of energy will rise. The anti-inflation shield may also be extinguished.
On the other hand, inflation expectations are weakening. Biuro Inwestycji i Cykli Ekonomicznych reported that the Future Inflation Index, which forecasts the direction of changes in consumer goods and services prices several months in advance, slightly decreased in August – for the first time in two years. As they emphasize, the percentage of those who expect prices to rise faster than before is declining in favor of those who believe that they will grow more slowly.
ALSO CHECK:
The government has adopted a draft budget for 2023
Inflation is going down in some countries
The situation outside our country is also changing slightly. Until recently, prices were soaring everywhere. There are currently countries that are slowing down. In the United States, month-on-month prices did not change in July. Of course, annually it is still 8.5 percent, but it is already less than the record 9.1 percent. in June.
Inflation has also slowed down in our western neighbor. The indicator in July in Germany was 7.5%, which is less than in June. This, however, did not stop its growth in August, as it amounted to 7.9 percent. Experts expect that in the coming months, due to energy problems, inflation may return to an upward trend.
Hungary, on the other hand, has significant problems, which until recently, thanks to government measures, had lower inflation than other countries in the region, is on a considerable wave. In July, the CPI index was 13.7%. (in June it was 11.7%). Core inflation data at 16.7 percent look even worse. In Poland, this indicator is approx. 9 percent.
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