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Poland's Consumer Might Not Be as Crisis-Immune as People Think

A shopper passes a fruit and vegetable stall at a market in Wroclaw, Poland.

A shopper passes a fruit and vegetable stall at a market in Wroclaw, Poland.

Photographer: Bartek Sadowski/Bloomberg

Upbeat sales growth at discount retailers may disguise the true strength of the Polish consumer grappling with spiraling inflation.

A 5.2% increase in Pepco Group NV’s like-for-like sales in the quarter ended in September shows that local consumers are switching to lower-cost outlets during a cost-of-living crisis, according to Grzegorz Kujawski, an analyst at broker Trigon Dom Maklerski SA.