Inflation in Poland is expected to continue to rise, the Polish government spokesman has said.
Poland is battling one of the highest inflation rates the country has seen in years. According to the Central Statistical Office, prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in May.
Analysts expect inflation to exceed 15% in June.
“We cannot hide the fact that we expect inflation to grow,” Piotr Mueller said on June 28, citing the situation on the energy and fuel markets as a particular influence.
Mueller added that in order to combat high prices, the government had lowered taxes and prolonged the anti-inflation shield until the end of October.
“If it were not for these measures, inflation would be much higher now,” he said.
Referring to the law lowering the basic rate of the personal income tax to 12% from 17%, effective from July 1, Mueller said it had been designed to make Poles keep more money in their wallets.
Answering a question regarding Poland’s economic growth, Mueller said that it would surely be positive both this and next year.
“Poland will surely record a positive GDP growth this year and in 2023, but its size will depend to a large extent on the global situation,” the spokesman said. (The First News/Business World Magazine)
