Whereas inflation has slowed across the EU, in Poland it has remained high after the government partially unfroze energy prices in July.
Whereas inflation has slowed across the EU, in Poland it has remained high after the government partially unfroze energy prices in July.
Inflation reached 4.2% in July – the highest level this year – accelerating from 2.6% in June.
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Poland has overtaken Portugal on Eurostat’s measure of GDP per capita taking account of purchasing power standards.
Inflation in Poland reached 11% in March, up from 8.5% in February and the highest figure since the year 2000.
The first part of the package aims to lower high food prices, give additional payments to pensioners and invest in energy independence.
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.
But it will also have the EU’s joint third highest GDP growth, according to new forecasts from the European Commission.
The package will cost the state budget between 15 and 20 billion zloty.
The last time a higher figure was recorded was in November 2000.
“Very high prices resulting from EU climate policy” have caused “ordinary Polish families” to “suffer”, said Morawiecki.
Aleks Szczerbiak
PiS’s poll ratings have fallen as other issues became more salient.
Jacek Sasin pointed to the high costs of EU carbon permits, which are particularly heavy for coal-reliant Poland.
Annual inflation reached 7.7% in November, the fifth consecutive monthly rise.
The package – worth an estimated 10 billion zloty – is a response to the highest inflation in two decades.