Inflation slowed in September to 8.2% year-on-year, below analysts’ expectations of 8.5%.
Inflation slowed in September to 8.2% year-on-year, below analysts’ expectations of 8.5%.
The interest rate cut, from 6.75% to 6%, is Poland’s first in three and a half years.
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Barbara Erling
Farmers are struggling to find native replacements amid the lockdown.
The slowdown in inflation amid the coronavirus fallout is unlikely to offset the large price increases at the start of the year.
Further price rises will add to what is already one of the world’s highest levels of inflation.
The measures were part of a broader package to mitigate the economic fallout from the coronavirus crisis.
Price of fruit, vegetable and meat – mainly pork – are driving the rise.
Wages for December were up 6.2% year on year.
CPI inflation for December reached a year-on-year level of 3.4%.
According the the latest International Monetary Fund’s forecast, the average inflation rate in Poland next year will reach 3.5% – the highest in all of the European Union.