Real Income of Poles Fell in 2022
Photo by ratmaner/Shutterstock.com
The real disposable income per person in an average household in 2022 fell by 2.6%, mainly due to inflation, figures released by the Warsaw-based Central Statistical Office (GUS) showed.
According to GUS, income per person amounted to PLN 2,250 (appr. EUR 500) in 2022 and was higher by 11.4% compared to the prior year, wrote Money.pl.
However, the average inflation amounted to 14.4%, meaning that the real incomes are falling.
The latest data from the statistics agency also shows another trend. In the previous decade, expenses "eat up" a smaller and smaller part of Poles' income year after year, but since 2021, this has reversed and the share of expenses in income is increasing.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
