With inflation surging beyond 12%, many Poles are keeping expenses to a minimum to get through each month, a survey shows
Poland’s cost of living crisis is forcing people to cut back on restaurants and driving, with 36% keeping expenses to a minimum to make it through each month, a new survey has revealed.
According to a poll conducted by ARC Rynek i Opinia, 38% of respondents who could previously afford “luxuries” have given up on them. A researcher for the polling group, Dr. Adam Czarnecki, said people are “limiting consumption,” piling pressure on the economy at a time of “stagflation” – i.e. high inflation accompanied by subdued economic output.
The survey also found that 38% of Poles are saving far less than before and spending more due to the price hikes, with 13% saying they are no longer able to save anything.
“More than 1/3 of Poles (36%) admit that they had to limit their daily expenses in order to have enough money for the…
