Power prices for businesses would also fall by 20%, says President Karol Nawrocki.
Power prices for businesses would also fall by 20%, says President Karol Nawrocki.
The country now also has the bloc’s second-most-expensive electricity, when taking cost of living into account.
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The government has pledged tax cuts and special allowances to help households cope.
Annual inflation reached 7.7% in November, the fifth consecutive monthly rise.
The NBP has raised its key rate by three quarters of a percentage point to 1.25%.
Poland’s central bank has started raising interest rates this month.
The Polish government has called for a delay to the European Commission’s plan to reduce emissions by 55%.
Rising fuel prices amid rapid inflation could increase pressure on the government.
Exports of electricity are at their highest level in 15 years, which is further pushing up prices.
The August figure of 5.4% is the highest since June 2001.
Electricity prices rose faster in Poland last year than anywhere else in the EU.
Poland has recorded the highest or second highest level of inflation among all EU member states in every month since March 2020.
Poland has recorded the highest or second highest inflation among all EU member states in every month since February last year.
Real estate value has risen with low interest rates, high inflation and growing salaries.