Inflation in Poland likely to exceed 2.5 pct in 2020

"One should remember that higher inflation means higher budget incomes," underlined Skiba, adding that "this means that there will be no problems with the implementation of the budget." Marcin Obara/PAP

Polish Deputy Finance Minister Leszek Skiba told reporters on Friday that "inflation in Poland in 2020 will likely exceed 2.5 percent envisaged in the budget draft," but underlined that this should not be a cause for concern.

"One should remember that higher inflation means higher budget incomes," he underlined, adding that "this means that there will be no problems with the implementation of the budget."

In December 2019, prices in Poland likely grew to 3.4 percent year on year.

National Bank of Poland (NBP) governor Adam Glapiński told reporters after a Wednesday meeting of the National Monetary Council (RPP) that the CPI growth in a March forecast could be slightly higher than the one presented in November.