On Oct. 4, all supermarkets in Germany raised the price of sugar, and Czech retailers simply copied the price of their neighbors
Germany’s plan to heavily subsidize energy bills even for large businesses threatens the fair competition aross the European Union, and the Czech prime minister must do something to stop it, notes the publicist and economist Lenka Zlámalová
“The current federal government would like to abolish animal husbandry and switch the diet in Germany to vegetables and oatmeal,” says Hubert Kelliger, head of group sales at the large butcher Westfleisch
The newest data on inflation in Poland reveals the highest levels since 1996
Poland will be stuck with high inflation for a while, according to the country’s central bank
Potatoes, grain, and milk have all seen massive price increases in the last year
Inflation last month was 10.4 percent compared to the same month last year, announced the Federal Statistical Office on Friday
Czechia will face economic headwinds into next year
The country’s struggles with rampant inflation have seen food and non-alcoholic beverage prices soar by 21.9 percent and energy prices spike by 41.7 percent
European households are feeling the pain from higher gas and electricity prices, but some nations are worse off than others
The Czech Republic is seeing large demonstrations against Ukraine, the EU, and a call to end sanctions on Russia
“Poor-quality nutrition worsens people’s health and quality of life, and affects well-being at work and work performance,” comments Aneta Martišková, director of corporate relations at Edenred
The Czech government has fumbled its response to the energy crisis, according to one political scientist
Households, on the other hand, will continue to exist despite the current difficulties
“Do you remember how we said inflation will probably peak here a little earlier than in Western Europe?” asks economist Markéta Šichtařová
The Baltic countries have the highest inflation in Europe, but many Central and Eastern European countries are not far behind
“Citizens of the Czech Republic are very intelligent people. They see what is happening. If someone says we can close ourselves off as an energy island, they are lying,” said Prime Minister Petr Fiala
German workers say they don’t want to freeze for employers’ profits
Polish Minister of Economic Development and Technology Waldemar Buda has forecast that the Polish economy will not fall into recession
The housing sector contributed the most to this acceleration, especially energy and fuel prices
Germans are increasingly living paycheck to paycheck, and according to experts, the real pain has not even hit yet
PM Orbán predicts that lifting sanctions will lead to a significant drop in inflation and a halving of energy prices
“None of this bodes well for inflation, it’s here to stay”
Approximately 1,153,000 people in the Czech Republic live in households that can be described as low-income
electricity prices European Commission Gas prices Inflation Jozef Síkela czech republic News Trending The price cap will apply to solar, wind, nuclear, and coal power plants, as well as producers of electricity from biomass
“Every day we receive emergency calls from companies that are about to stop production,” said the president of the Central Association of German Crafts
Poland’s central bank on Wednesday raised the interest rate from 6.5 percent to 6.75 percent in a move that had been widely expected in light of inflation rising above 16 percent in August
Ahead of Friday’s EU energy minister meeting in Prague, convened by Czech Industry Minister Jozef Síkela, chaos and uncertainty prevail, writes Czech commentator and economist Lenka Zlámalová
The company’s energy bill is a sign of what may come for business and public services across Europe
“This is not our war”
“With your government, Mr. Prime Minister, our country has no future,” declared former Prime Minister Andrej Babiš
The end of the petrol discount was already clearly visible at gas stations in Germany
Polish economists were expecting inflation to decrease, instead it rose once again
The European Central Bank is expected to raise the base rate by at least another half-percentage point at its September meeting
Further hikes are expected as inflation looms large
“60 percent of German households will have to use their entire disposable income purely for living expenses,” said Helmut Schleweis
Prices are approximately 11 times higher than normal for this time of year
The “seemingly unstoppable rise” in the price of natural gas is also an issue
“Very expensive electricity for households will be a matter for many years in the Czech Republic,” says economist Lukáš Kovanda
Inflation in Slovakia was mainly influenced by the higher prices of food and non-alcoholic beverages
consumer confidence energy security Inflation pessimism Petr Fiala Commentary czech republic Trending The current mood of households and companies is very gloomy, notes publicist and economist Lenka Zlámalová
Jarosław Kaczyński said that his party’s government refuses to saddle the population with the full costs of inflation
We are facing the biggest crisis the country has ever had, claims Rainer Dulger
People believe the government is doing little to prevent the decline in living standards
According to one survey, 57 percent of Poles have changed their holiday plans as a result of rising prices, with 21 percent actually canceling their trips altogether
According to an economist at the Warsaw School of Economics, the level of inflation in a country depends on the structure of the economy and degree of development
Hungary’s national bank expects further hikes in the cost of living until September
The forint has been in a week-long nosedive to historic lows
Poland’s labor market is roaring, but inflation remains a major headwind
The chief economist of the Polish bank PKO BP forecasts that the rate of inflation should slow down in the near future
Agricultural workers have staged several disruptive protests over the Dutch government’s measures to reduce nitrogen emissions
The Czech government will also have to deal with growing public dissatisfaction due to the high cost of living and war fatigue
Soaring energy prices are the main driver behind inflation
Higher prices are not the result of the invisible hand of the market, writes Czech publicist and economist Lenka Zlámalová
There are “more poor people than we’ve ever had,” said the director of a leading German social welfare association
Inflation interview Miloš Zeman President Presidential elections Ukraine war czech republic News Trending The government’s neoliberal economic policy should be dropped in favor of price caps and taxes on higher earners, says Czechia’s president
Germany is facing the most striking loss of prosperity in 50 years, writes Markus Brandstetter for Junge Freiheit
Peer Steinbrück claims that the European Central Bank is primarily responsible for inflation and not the war in Ukraine
Polish economic data for May shows rising wages have failed to keep pace with inflation for the first time in two years
Combating inflation is one of the most important issues for the Polish government, said Deputy Prime Minister Jarosław Kaczyński
A very dangerous inflationary motivation is driving Czech spending habits: “Spend what you can now, as it will be more expensive tomorrow”
The key interest rate in Czechia is already the highest since 1999, but more increases are expected
It’s not over yet, warn Polish economists
Fiala spoke about the consequences of inflation on Czech citizens, the ongoing debate surrounding Russian gas and oil supplies and proposed sanctions, and the need to solve the issue of benefit tourism among primarily Hungarian-speaking Roma.
The CEO of the Warsaw Stock Exchange, Marek Dietl, warns that joining the eurozone should not be treated as a panacea for temporary shifts in the Polish economy
“The energy supply in Germany is at risk, supply chains are breaking down, we have high inflation”
In March, prices increased in Poland by 12.3 percent year-on-year, which is the highest inflation level since 1997
Despite Poland’s interest rate increases, inflation may only get worse
A cap on key food items will remain in effect until July 1, PM Orbán announced
Hungarian inflation is currently slightly above the EU average
Poland can either print money or deregulate the economy to generate growth to fund defense without lowering living standards, says one economic expert
Fuel prices alone have risen 35 percent in one year in Poland
The cost of living crisis is only getting worse in the Czech Republic. Only the Baltics are a little worse off with regards to the rate of inflation
Economist Marcin Roszkowski, from the Jagiellonian Institute, argues that the 1-percentage point rise in interest rates is still probably insufficient to slow down the rate of inflation
The head of the National Bank of Poland Adam Glapiński assured that the Polish economy has strong foundations and that Poland was not at any economic risk
The Hungarian Central Bank’s rate increases take time to have an impact on prices
Year-on-year inflation is likely to exceed 10 percent in the coming months
Poland saw its highest inflation rate in 22 years and a 0.6-percentage point increase compared to an 8.6 percent rate in December 2021
Poland’s GDP is expected to increase by 5.5 percent in 2022
Biden’s approval rating has dipped below a 40 percent average for the first time, as inflation rises at its fastest pace since 1982
Péter Márki-Zay says Hungary is returning to state-controlled prices
Inflation is expected to reach its coveted target in the first half of 2023
The new measure is in part an effort to contain price increases, which have been largely driven by rising energy prices
‘The Polish government is taking strong steps to oppose rising inflation in Poland and protect the pockets of Poles,’ said PM Morawiecki while announcing the new measures
The high inflation rate is not only hindering the growth of Poles’ income but also the Polish economy’s development
Poland’s Monetary Policy Council has acknowledged the issue of growing inflation and has undertaken measures to counteract it
The Czech prime minister described COVID-19, inflation and rising energy prices as the most pressing problems to solve
This is the second measure taken by the government to protect consumers in as many months
Instead of blaming working Americans, we should be blaming oligopolies for rising inflation, says a Dutch economist working for a New York-based economic institute
The growth rate in prices of consumption goods and services in Poland is the highest in more than 20 years
The rise in energy prices is one of the main factors fueling inflation in Germany and Europe
Adam Glapiński assured that the inflation rate in Poland will begin to decrease after a few quarters but will maintain its current level until the first quarter of 2022
The newly announced anti-inflation shield will introduce a series of tax cuts to soften the effects of rising inflation
The head of the OECD is heaping praise on Poland’s economy
Hungary could raise rates to 3.9 percent and Czechia to 4 percent.
Even the most ingenious government policy will not ensure prosperity if there is no price stability, said the Czech central bank governor in defense of the bank’s rate hike
The Czechs are worried about the devaluation of their savings as inflation ravages Europe
Head of the NBP Adam Glapiński believes that the Polish economy is in excellent condition and that high inflation was not caused by demand but by supply shock
Although the inflation rate will continue to increase in 2021, some experts forecast that it will steadily decrease in late 2022 and 2023
