Inflation has now stayed within the central bank’s 1.5–3.5% target for two months, prompting analysts to expect a rate cut next week.
inflation
Poland records EU’s largest chocolate price rise
Chocolate costs almost 40% more in Poland than a year ago.
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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.
Police protest in Warsaw, demanding higher pay
Members of Poland’s uniformed services – including police, border guards, firefighters and prison guards – want pay rises to match soaring inflation.
Polish government to withdraw anti-inflation measures due to “threats from EU”
The prime minister assured that new measures would be put in place to protect households and businesses.
Poland’s development bank scraps bond auction after sharp rise in yields
Poland’s 10-year bond yields exceeded 9% for the first time in more than 20 years
Number of Poles living in extreme poverty falls 20%
But experts warn that soaring inflation, including rapidly rising energy prices, and the refugee crisis could see poverty rise again this year.
Inflation unexpectedly rises further in Poland to new 25-year high of 16.1%
“Ouch,” said analysts at mBank, commenting on inflation figures that exceeded most forecasts.
Inflation reaches 25-year high of 15.6% in Poland
The rises have been driven in particular by the prices of fuel and energy, which are up 46.7% and 35.3% year-on-year respectively.
Petrol and diesel prices in Poland have risen most in EU since Russia’s invasion of Ukraine
Petrol prices in Poland are up 35.57% and diesel 32.01%.
Poland’s central bank chief elected for further term
Adam Glapiński received the backing of the ruling party but the opposition has questioned whether he is legally entitled to another term.
