Inflation and sharp slowdown of the economy. The Central Statistical Office released new data

In October, compared to September, the general price index of consumer goods and services was most influenced by lower prices of transport - by 6.1% - and lower prices of recreation, sports and culture - by 2.6%.

However, there was an increase in the prices of the use of an apartment or house and the supply of water, electricity, gas and other fuels - by 1.0%. Clothing and footwear are also more expensive - by 2.9%, food and non-alcoholic drinks - by 0.4%. - and services related to information and communication - by 0.7 percent.

Economic growth has slowed

The Central Statistical Office also provided other data. In the third quarter of this year, economic growth slowed from 4 to 3.5 percent.

Dr. Jacek Kotłowski, head of the Department of Economic Analysis and Research of the National Bank of Poland, argues that this is the result of consumers' actions.

Poles' wallets were hit hard by high prices of fuel. Since refueling bills started to drain budgets, people started saving - reports RMF FM reporter Krzysztof Berenda.

It is clear that they spend their funds more carefully. It is clear that the increase in inflation has somehow limited spending, noted Dr. Kotłowski.

The data concerns the third quarter, i.e. the period from the beginning of July to the end of September. Let us remember that for exactly half of this period the Fuel Prices Lower program was not in force. Refueling sometimes cost as much as PLN 9 per liter.