The decision was made in response to rising prices, which have become a major political talking point.
inflation
Poland records EU’s third highest inflation in August
Whereas inflation has slowed across the EU, in Poland it has remained high after the government partially unfroze energy prices in July.
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Inflation surges in Poland in July after unfreezing of electricity prices
Inflation reached 4.2% in July – the highest level this year – accelerating from 2.6% in June.
Polish government ends 0% VAT on food after two years
Poland's government has announced that it will end the 0% VAT rate on food that was introduced two years ago to help soften the blow of soaring inflation. The finance ministry argues that the recent slowing of price rises renders the measure no longer necessary....
Inflation in Poland below 4% for first time in almost three years
Inflation has slowed rapidly from its peak of 18.4% in February last year.
Inflation falls below 10% in Poland for first time since Russia’s invasion of Ukraine
Inflation slowed in September to 8.2% year-on-year, below analysts’ expectations of 8.5%.
Polish central bank surprises market with larger-than-expected interest rate cut
The interest rate cut, from 6.75% to 6%, is Poland’s first in three and a half years.
Inflation slows in Poland to lowest level in over a year
The Polish Economic Institute estimates inflation will fall to single-digit levels around October this year.
Core inflation rises to new high of 12.3% in Poland
While Poland’s headline inflation has begun to fall, core inflation – which excludes goods with the most volatile prices – has continued to rise.
Inflation rises to new 26-year high of 18.4% in Poland
Prices of food, transport and energy rose fastest.
Poland recorded EU’s biggest GDP fall in fourth quarter of 2022
Poland’s seasonally adjusted GDP in Q4 of 2022 fell by 2.4% from the previous quarter, compared to a drop of 0.1% for the EU as a whole.
Core inflation in Poland continues to rise, reaching 20-year high of 11.5%
Core inflation, which excludes volatile food and fuel prices, is seen as a more accurate indicator of prices that can be influenced by monetary policy.
Inflation dampens Poles’ Christmas cheer
Alicja Ptak
“People are now buying individual branches rather than whole Christmas trees.”
Inflation unexpectedly slows to 17.4% in Poland, first fall since February
Analysts believe the figures mean inflation has peaked this year, but warn that it will rise again early next year.
