Poland's average inflation likely at 7 pct this year, gov't spokesman

The government hopes that Poland's average annual inflation in 2022 will fall to 7 percent on average from a January peak of 9.2 percent, according to the government spoesperson.

Prices of consumer goods and services (Consumer Price Index, CPI) increased by 9.2 percent year on year, and by 1.9 percent month on month in January 2022, the Central Statistical Office (GUS) reported last week. 

Asked whether it was possible that the CPI growth would exceed 10 percent in February, Piotr Mueller told a Radio Plus programme on Monday that such a possibility could not be ruled out.

Mueller added that, in order to lower inflation, the government had cut VAT on foodstuffs and fuels on February 1.

Asked about the possibility of a second indexation of old-age and disability pensions this year, Mueller said that the first one would reach 7 percent, and would be "the highest in many years."

"We hope that this year's average annual inflation will remain at this level," Mueller said, adding that, in such a situation, the planned 7-percent indexation would cover the growth of prices.