The second half of next year should bring inflation down below 10%, according to Pawel Borys, head of the Polish Development Fund (PFR).
On August 31, Poland’s statistical office said August inflation stood at 16.1% YoY and increased by 0.8% MoM.
Borys said that he believed Poland’s inflation would not exceed 20% this year, while its peak should be seen until March next year.
“Inflation will likely be declining to the end of 2022, rise again in the first quarter of 2023, start slowing down in April 2023 and then decline to below 10% YoY in the third and fourth quarters next year,” he said.
According to Borys, “stabilisation of prices should come in the next two years”. (The First News/Business World Magazine)