Price-earnings operation
Price-and-profit operation - a propaganda term from the period of the Polish People's Republic, concerning the one-off, drastic increases in prices set by the state for a wide range of goods and services. These increases were usually linked to a system of partial compensation for the income of the population. The purpose of the operation was to reduce the inflation overhang and, consequently, restore the current market balance. Price-earnings operations in the Polish People's Republic usually led to the outbreak of social unrest and, as a consequence, the reverse effect, ie deepening of imbalances (eg freezing of prices and concurrent wage increases).
The largest price-income activities in the People's Republic of Poland:
1953 - price increase - 47.3%, pay - 40.5% 1970 - meat price increases by 17.6%, flour by 16.6%, groats by 23-31%; canceled on October 1, 1971 under mass protests 1976 - increase of sugar prices by 100%, meat by 69%, fats by 50%, poultry by 30%, compensation from 240 PLN (for the lowest beneficiaries) to 600 PLN; was rescued by mass protests 1982 - food price increase - 241%, fuel and energy -171% 1988 - 60% price increase.
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