Savings: More than 8 in 10 magnates are concerned about inflation

BUSINESS INTERIA is on Facebook and you are up to date with the latest happenings

The Central Bureau of Statistics again released record data on price increases in November of this year. The 7.7% result is a record and an extension of the uptrend. Preliminary published results indicate that inflation is at its highest level since 2001. Food prices have increased by about 6.4 percent, energy prices have increased by just over 13.4 percent, but the price of fuel has remained the record holder, rising by as much as 36.6 percent. percent.

The Tavex survey showed that Poles are concerned about inflation and our mood is getting worse. As much as 84.1 percent of respondents indicated answers confirming their anxiety (answers: yes, very worried – 54.1%; yes, worried, but I don’t think about it every day – 30%).

Long-term concerns can also be seen – up to 31.8 percent. Of the respondents expect that at the end of the first half of 2022, the CPI may reach as much as 8-10 percent.

If we take into account the expectations of the Poles, then almost half of those surveyed by Tavex (47.5%) believe that in the middle of 2022 inflation will be in the range of 6-10%, which is a result far from the inflation target of the Polish National Bank and “Normality” – explains Alexander Pavlac, Chairman of the Board of Directors of Tavex.

All indications are that in the future, for a longer period of time, inflation may be expected to remain at high levels, but instead of single digits. This is because the PPI continues to rise, so producers need to start shifting energy prices and bonuses to customers. He adds that rising prices in this way is an undesirable economic phenomenon that can lead to a decline in the wealth of our portfolios.

The phenomenon of high inflation is not only present in Poland. The average in the European Union is 4.4%, and Lithuania leads in Europe – 8.2%. However, Poland is also at the top of this ranking and ranks fifth, after Lithuania, Estonia, Hungary and Romania – according to Eurostat data.

And in front of the price hike 33.1 percent. Of the respondents decided to protect the accumulated capital in the form of cash investments or plan to take such action (answers: yes, inflation has already encouraged me to invest – 10.7%; yes, but I only think about investing – 22.4% ).

It is also worth paying attention to the fact that almost half of Poles, despite high inflation, do not invest and do not plan to do so, according to the Tavex survey.

As much as 48.3 percent. Of the respondents in the Tavex survey, despite high inflation, they neither invest nor intend to do so – and this is an important finding. We often explain ourselves to the fact that we do not have enough knowledge and are afraid of losing our savings.

Unfortunately, this is a misconception, because you do not need to be an expert or have a very “thick” portfolio to invest in some assets.

At first, basic education in this field is enough – says Alexander Pawlak, Chairman of the Board of Directors of Tavex. It should be remembered that the currently uninvested money that is in the account or on deposit, in the face of high inflation, loses its value – he adds.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The record has been broken! More than 30,000 tons of coal were sold

Thursday was the second – after Tuesday –…

A change in the way capacity charges are calculated will affect all of us

The provisions of the amendment of the law on the capacity market…

Carbon allowance 2023: Will you pay the benefit for another year?

3 thousand to buy coal Addition of carbon in 2023 is still…

Czech passengers chose the name Pesa Polish Trains

Czech railway passengers have decided that the trains produced by Pesa Bydgoszcz…