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NBP On Inflation

POLAND
  • Av. annual inflation is expected to run at 10.8% in 2022 and 9.0% in 2023 before easing more visibly to 4.2% in 2024 according to the NBP.
  • Inflation will stay above the upper end of the inflation target range throughout the projection horizon.
  • Amid a "dynamic increase" of energy commodities on global markets due to sanctions imposed on Russia, CPI will reach 12.1% in Q3 2022 and then start declining as GDP growth slows down (BBG source).

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