Inflation slowed in September to 8.2% year-on-year, below analysts’ expectations of 8.5%.
inflation
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.
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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.
Polish government blames soaring inflation on Russia’s war, but that’s only part of the story
Anna Rzhevkina
Russia’s actions account for around a third of inflation, say economists.
Poland wealthier than Portugal for the first time, show EU data
Poland has overtaken Portugal on Eurostat’s measure of GDP per capita taking account of purchasing power standards.
Ukraine war almost entirely to blame for inflation jump in March, says Polish central bank chief
Inflation in Poland reached 11% in March, up from 8.5% in February and the highest figure since the year 2000.
Poland announces plans to “de-Russify” economy with “anti-Putin shield”
The first part of the package aims to lower high food prices, give additional payments to pensioners and invest in energy independence.
Poles set aside more savings following interest rate hikes
The value of new deposits put into savings accounts in Poland in the final quarter of 2021 was 9 billion zloty higher than in the previous quarter.
Poland forecast to have EU’s highest inflation this year
But it will also have the EU’s joint third highest GDP growth, according to new forecasts from the European Commission.
Polish government to scrap VAT on food and gas in latest anti-inflation package
The package will cost the state budget between 15 and 20 billion zloty.