A study shows that with inflation exceeding 12%, many poles have the lowest spending per month.
Poland’s living crisis is forcing people to cut back on restaurant and car costs, with 36% keeping the minimum cost to do so per month, a new study has revealed.
According to a survey conducted by ARC Rynek i Opinia, 38% of respondents who were previously able “Luxury“It’s up to them. People,” said Dr. Adam Jarnecki, a researcher in the polling group.Restrict usage,“At the same time putting pressure on the economy”Inflation”- meaning low economic output with high inflation.
The survey also found that 38% of pollsters are saving much less than before and spending more because of rising prices, with 13% saying they can no longer save anything.
“More than 1/3 of those polled (36%) admit that they had to limit their daily expenses to keep enough money for the whole month, and one in four (24%) admit that they can’t afford basic expenses because of the high cost.The report said.
Also, 35 percent of Polish car users say they are driving less because of rising fuel costs.
The survey found that people are taking a cautious approach to financial risk: 18% of those polled decided not to go ahead with the loan and 26% expected to repay the current loan as soon as possible, due to concerns about future interest rate hikes. Rate
“Every fifth pole (21%) prefers to buy something instead of keeping money in the account, as its value decreases,“The report says.
Dr. Czarnecki described it as a “Extremely dynamic situations when it comes to personal finances, where consumers may feel insecure“
The online survey was conducted May 4 to 11 with respondents aged 18-65.
Inflation in Poland was 12.4% in April compared to the same month last year
According to a Polish report released on 13 May, housing prices rose by 17%, food by 13.2% and transport by 21%. Restaurants and hotels have increased prices by more than 14%.
Food consumption has increased by 4.4% as compared to March this year.
In addition to fighting the cost of living worldwide due to the conflict in Ukraine, Poland is also a primary destination for Ukrainian refugees. According to the latest figures from the UN High Commissioner for Refugees, about 3.4 million Ukrainians have entered Poland since the conflict began.
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