The high level of education of women in Poland does not translate evenly into their salaries in relation to men, Polish Economic Institute (PIE) expert has said. Polish women, despite the fact that they are often better educated than Polish men and also women from other countries, “do not earn more,” Sebastian Sajnog said and…
Poland’s average corporate gross monthly wage rose by 10.3% YoY, to PLN 7,329.96 (EUR 1,554) in December 2022, the Central Statistical Office (GUS) reported. In monthly terms, the average wage went up by 6.9%. Economists polled by PAP expected a 12.4% annual increase in the corporate wage in December 2022 and a 8.9% rise from…
Poland’s population is expected to decline to 32.5 million in 2060 from 37.9 million in 2022 according to a demographic forecast by the Finance Ministry published by social insurer ZUS. The population will drop further to 28.3 million until 2080, which means it will be smaller by 25.5% than today, the ministry writes. Poland’s working…
Poland’s core inflation, which excluded the prices of food and energy, measured 11.5% YoY in December 2022, up from 11.4% in November 2022, the National Bank of Poland (NBP) said on January 16. Inflation excluding fixed prices amounted to 17.1% YoY in December 2022, down from 18.1% in the previous month. Inflation excluding the most…
Poland’s rate-setting Monetary Policy Council (RPP) is unlikely to increase interest rates again, as the hikes so far have had sufficient effect, an RPP member has said. But Gabriela Maslowska added that a further increase could not be ruled out. In a recent hiking cycle, the RPP raised interest rates 11 times but suspended rate…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.6% YoY and by 0.1% MoM in December 2022, the Central Statistical Office (GUS) reported on January 13. In a flash estimate, GUS said that December 2022 CPI would reach 16.6% YoY and 0.2% MoM. In November 2022, the prices of consumer goods…
Decrease of inflation to 16.6% in December 2022 was mainly due to the effect of lower heating costs, Jakub Rybacki from the Polish Economic Institute (PIE) said. As announced on January 13 by the Central Statistical Office (GUS), inflation in December 2022 amounted to 16.6% YoY. A month earlier, it stood at 17.5%. According to…