September 18, 2021

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Inflation in July 2021. The record was broken for 20 years

Inflation in July 2021. The record was broken for 20 years

Prices are rising more sharply. The inflation rate in July was 5%. Equalizing the result from May 2011 and at the same time reaching the highest level in almost 20 years. Fuel has been the main culprit lately, but service prices have been wrong throughout the year and those prices respond to tax increases.

  • Inflation has not been as high as it was in July in ten years, and it was as high as it was 20 years ago
  • First of all, services, including garbage collection, dentists and hairdressers, were more expensive
  • When it comes to food, the so-called sugar tax has raised the prices of non-alcoholic beverages
  • Poultry prices also rose sharply. Bird flu is to blame
  • More such stories can be found on the homepage of Onet.pl

The Central Statistics Office confirmed on Friday Your initial accounts Inflation actually rose to as much as 5% in July. every year. The same bad data happened as recently as May 2011, and it was even worse in August 2001 when prices rose 5.1%. yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

Photo: Jacek Frączyk / Business Insider Polska

In one month, prices rose 0.4%. According to information from the Polish Central Statistical Office (GUS), fuel prices had the biggest impact and added 0.27 points. Percentage up to 0.4 percent growth from June. Over the year, diesel oil rose by 28.7 percent, gasoline by 32 percent, and liquefied petroleum gas – by 20.7 percent. It’s a result High oil and gas prices in the world.

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– 5% mBank Research analysts believe that mBank Research has not set a ceiling for inflation this year.

What affected the bad annual indicator the most? Commodity prices rose 4.6 percent. On an annual basis, services increased by 6.2 percent. As you can see, prices for services have gone up faster.

Here, garbage collection comes to the fore, which in July alone increased by “only” 0.9 percent compared to June, but year on year – By up to 23.1 percent However, the past year has seen sharp increases in these services, and their escalation is accusing the government and local governments of each other, and it must be admitted that there are reasons for both parties.

Sanitation services prices also rose, but the pace is lower than the general inflation rate and reached 4.7%. More expensive by 9.5 percent. current rdr The next increase in interest rates for households in January next year may be even more burdensome. more 5.3 percent from a year ago, we also have to pay for dental servicesBy 6.6% for hospital and sanatorium services, and by 5.9 percent. for medicine. Of course, this is not about NHF services. more At 5.7 percent we pay the hairstylist and beautician.

They are also getting more expensive Telecommunications services by 4.1 percent yys yys yys yys yys yys yys yys yyyyyyyyyyyyyyAlthough the increases will likely end, because prices have not risen since April. Previous price increases came on the heels of investments in expanding 5G network infrastructure and a planned auction of 5G frequencies. The operators are already preparing the funds. Although the network is already operating in major cities, the nationwide auction won’t start before the summer recess and is waiting for the House of Representatives to pass the law on the national cybersecurity regime. The initial auction price for each of the four frequency groups shall be 450 million PLN.

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