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Inflation and interest rates. A record-breaking difference

Inflation and interest rates. A record-breaking difference

Inflation is accelerating. FROM new GUS data shows that in October 2022 the average price level of consumer goods and services was 17.9 percent. higher than in the corresponding period of the previous year.

The September copy was at the level of 17.2 percent, in August it was just over 16 percent. and so you can count on. We have been dealing with a systematic increase in inflation almost from the beginning of 2021.

The effects can be seen with the naked eye on store shelves. On the other hand, the losses caused by inflation in Poles’ savings are less visible. The same PLN 100 received a year or two ago is currently worth less in real terms, because the purchasing power of money is systematically declining.

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