Have the Poles changed their holiday plans this year because of the price increases? SW Research has conducted a new study.
Core inflation excluding food and energy prices was 11.1 percent. in June 2023 on an annual basis at 11.5 percent. in May 2023. According to the National Bank of Poland, core inflation excluding administered prices was 10.3% in June this year. on an annual basis at 12.1 percent. in May.
Core inflation excluding the most volatile prices was 14.4 percent. in June at 14.9 percent. in May. Core inflation calculated using the 15% trimmed average method came in at 12.8%. in June at 13.5 percent. in May. The consumer price and services index (CPI inflation) amounted to 11.5 percent. year-over-year in June 2023 at 13 percent. year after year in May.
Poland vacation plans
In a survey for the rp.pl portal, pollsters from SW Research asked whether Poles have changed their holiday plans this year because of price increases.
Most because 35.5 percentrespondents replied that they have not changed their holiday plans this year. 23.4 percent of those surveyed stated that they had shortened their holidays or changed holiday destinations because of the price increase. 21.8 percent respondents have withdrawn from holidays. 10.2 percent of survey participants said they couldn’t afford vacation before the price increase. While 9.1 percent respondents have not yet made a decision on this.
SW Research’s Wiktoria Maruszczak indicated that four in ten respondents with higher education have not changed their holiday plans despite the price increase. The stability of vacation plans against inflation increases with age and net income. Four in 10 (41%) people from cities between 100,000 and 199,000 residents did not change their holiday plans, despite the price increases.
The survey was conducted on July 18-19, 2023. The analysis covered a group of 800 Internet users over the age of 18. The sample was chosen at random. The structure of the sample was adjusted using an analytical weight to match the structure of Poles over the age of 18 in terms of key features related to the subject of the study. Socio-demographic variables were taken into account when constructing the weight.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
