24/2022
2022-07-28
At What Point Will the Inflation Rate Stop Rising?
Inflation in Poland has reached a 25-year high. In June prices of goods and services were 15.5% higher than in June 2021.
A vast majority of Polish people think that the rate of inflation will continue to rise (85%), while relatively few believe it has already reached its maximum level (8%) or have no opinion on the subject (7%).
When respondents were asked what they thought would be the maximum rate of inflation, the most frequent answer was 20%, indicated by almost a third of those who predicted it would carry on rising. A considerable part of those surveyed, almost a quarter, had a more optimistic forecast of under 20%. The remainder were more pessimistic, with one in five predicting it would exceed 20% and one in ten thinking it would be at least 30%.
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While opinions about the maximum rate of inflation are rather divided, the largest part of those asked think the peak will come in winter, either at the end of this year or the beginning of next. A sizeable group maintains it will happen earlier, in the autumn, while one in seven say that point will come next spring or later. A very few think the peak will be this summer.
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More on this subject in the CBOS report.
This ‘Current Events and Problems’ survey (387) was conducted using a mixed-mode procedure on a representative sample of named adult residents of Poland, randomly selected from the National Identity Number (PESEL) register. Respondents independently selected one of the following methods: Computer Assisted Personal Interview (CAPI); Computer Assisted Telephone Interview (CATI), respondents receiving researchers’ telephone numbers in an introductory letter from CBOS; Computer Assisted Web Interview (CAWI), where respondents filled in the online questionnaire independently, gaining access by means of a login and password provided in an introductory letter from CBOS. In all three cases the questionnaire had the same structure and comprised the same questions. The survey was carried out between 27 June and 7 July 2022 inclusive on a sample of 1084 people (62.1% using the CAPI method, 23.4% CATI and 14.5% CAWI). CBOS has been conducting statutory research using the above procedure since May 2020, stating in each case the percentage of personal, telephone and internet interviews.
