2023-08-08
The cost of living crisis is here to stay
While most of consumers expect prices to stay high, Polish inflation is set to receive a boost with a 60% increase in child benefit payments (+0.8% GDP).
Tag: inflation
2023-07-29
Hope dies last: core inflation is more persistent than ever
Latvia’s inflation projections are revised downwards. But the wage-price spiral is not taken into consideration: in Q1 wages already edged up by 12%.
2023-07-08
The real slump to beware it’s the money value
The purchasing power of wages has not yet returned to where it was, their paid-out exceeded 10% throughout the first five months of the year.
2023-07-01
Risks grow in line with wages and expansionary fiscal policy
In Poland real interests are negative, and core inflation is still at the highest levels. Industrial output (-3.2%), construction (-0.7%), and retail sales (-6.8%) are all falling.
2023-06-24
Despite rosy optimism, uncertainty is the queen
Pressure on current expenditures in social, healthcare, and defence will only mount over time. Business expectations are indeed pessimistic.
2023-06-20
The more inflation, the less competitiveness
The tight labour market increases the risk that inflation will remain higher and growth lower, and the rising borrowing costs will weigh on investment outlooks.
2023-06-17
Public money only makes inflation more persistent
Despite Poland’s core inflation picture being the least favourable in the region, the government released a plan to increase permanent spending.
2023-05-23
Low competitiveness is the price for a persistent core inflation
In Estonia, the price of electricity in April was 29% higher than the previous month. While GDP is expected to decline by 1.2% this year.
2023-05-13
Forget overnight fix, wages still pump air in the balloon
Elevated inflation reduces purchasing power and increases the risk of low investment and deteriorating competitiveness.
2023-05-06
Rate cuts are unlikely, as the context is odd
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.