DETERMINANTS OF INFLATION IN AGRICULTURE, FOOD INDUSTRY AND COMMERCIAL SECTOR
Unfortunately, the years 2022 and 2023 will become “famous” in economic history publications for the runaway inflation in the domestic economy. However, the process was determined by several factors, one glaring example being the extremely high food price inflation. The aim of our study is to investigate the evolution of profit margins and margins of companies operating in the domestic agricultural, food and retail sectors between 2014 and 2021, based on the study by Konczal, M., & Lusiani, N. (2022). The research objective is thus to test the extent to which the factors that contribute to the profit-price spiral that drives inflationary effects increased after the pandemic. Our hypothesis is that, in the wake of the pandemic, companies in the sectors studied significantly increased the two variables determining profitability, which subsequently contributed to a dramatic increase in food prices. In addition, we examine how the value added of the sectors under study has changed, where we hypothesise that the companies in the sectors under study have sought to compensate for the impact of the previous significant wage dynamics.
XI. évf. 2023. SPECIAL ISSUE1 15-19
DOI: 10.24387/CI.2023. SPECIAL ISSUE.2
