Poland's inflation rate is breaking new records, the Polish Economic Institute (PIE), an advisory body to the government, has said in a comment on fresh CPI data.
The International Monetary Fund (IMF) has raised Poland's GDP growth forecast for this year from 4.6 percent forecast in July to 5.1 percent, according to its latest World Economic Outlook.
Inflation in Poland could exceed 6 percent by the end of the year, according to a Goldman Sachs report published on Monday.
The decision by the Monetary Policy Council to raise interest rates was designed to surprise the market, Poland's central bank governor said on Thursday.
Poland is facing a raise of its record-low interest rates, Adam Glapiński, the central bank's governor, told an economic congress on Tuesday.
Poland's consumer prices likely rose by 5.8 percent year on year in September, faster than expected by the market and becoming a growing constraint for the post-pandemic economic recovery, latest macro data show.
Stronger than expected economic growth that has fuelled both revenue and spending has prompted the Polish government to amend this year’s budget.
Goldman Sachs has raised Poland's 2022 inflation forecast from 3 percent to 3.7 percent, largely due to a sharp increase in wholesale gas and electricity prices, the bank announced on Tuesday.
Poland's Harmonised Index of Consumer Prices (HICP) rose by 5.0 percent year on year in August 2021, against 4.7 percent growth in the previous month, Eurostat, the European Union's statistics office, said on Friday.
The prices of consumer goods and services (CPI) in Poland rose in August by 5.5 percent year on year and by 0.3 percent month on month, the Central Statistical Office (GUS) reported on Wednesday.