Inflation in Poland: which provinces are most exposed to it

It turns out that inflation in Poland does not attack all of us with such force. Our country is clearly divided in this [...] https://www.pinterest.com/pin/1085437947660215829/

It turns out that inflation in Poland does not attack all of us with such force. Our country is clearly divided in this respect, as the latest CSO data clearly show. Inflation, Poland and administrative division Most often inflation is analyzed on a nationwide scale and on a monthly basis. However, this does not reflect the scale of the problem as it should. Few people know, for example, that once a quarter the Central Statistical Office (GUS) publishes an additional report in which it presents the change in the prices of consumer goods and services in individual provinces. So where is inflation growing the weakest and where is it growing the strongest? In the last quarter of 2019, the nationwide inflation was "only" 2.8 percent. This is due to the fact that it began to grow more strongly only from December, and so far the worst was January 2020, when it surpassed the inflation target of the National Bank of Poland. However, let us return to the administrative division. A result lower than 2.8 percent was recorded in as many as 6 voivodeships: Podkarpackie (2.7 percent), Mazowieckie (2.7 percent), Lubelskie (2.7 percent), Śląskie (2.5 percent), Lubuskie (2.5 percent) and Pomorskie (2.3 percent). Unfortunately, in the remaining voivodeships the results were equal to or higher than the aforementioned average. The first group includes only Dolnośląskie province (2.8 percent). The second group includes as many as 9 voivodeships. Residents of the following voivodeships experienced the highest inflation: Podlaskie (3.2%), Warmińsko-Mazurskie (3.2%), Łódzkie (3.4%) and Małopolskie (3.6%). Inflation - the NBP's problem The beginning of 2020 is a period of dynamic increase in inflation. In January, the inflation rate already reached 4.4 per cent, the highest level since 2011. Relative to December, Poland recorded the highest inflation growth in the entire EU. According to the Ministry of Finance and economists at PKO BP, we may expect a decrease in inflation later this year. Members of the Monetary Policy Council are of the opinion that it will only continue to rise until June, but even within this body there have already been voices to raise interest rates. Poles are also starting to run away from rising prices, and thus from the falling value of the PLN. For example, they are buying bonds, which we wrote about here. Source: Bankier.pl Tags GUS inflation in Poland NBP