The majority of Poles have decided to limit their spending due to increasing prices but few of them plan to ask for a pay rise, a new poll has shown.
This year's economic growth is expected to reach 3.8 percent while annual inflation is to amount to 9.1 percent, according to a Finance Ministry macroeconomic forecast published on Tuesday.
Polish prime minister Mateusz Morawiecki said the government would continue to support the zloty exchange rate amid rising inflation.
The Polish government, on Friday, approved a tax law amendment that would simplify the Polish Deal tax reform which has met with sharp criticism despite having been in force for only four months.
Poland’s inflation rate, which has a hit 21-year high, is the result of the Russian invasion of Ukraine, the Polish Economic Institute (PIE), an advisory body to the government, said on Friday in reaction to the country's March CPI data.
Donald Tusk, leader of Poland's main opposition party Civic Platform (PO), has suggested a package of solutions to help society weather rising prices, interest rate increases and shrinking savings.
Russia's war on Ukraine has driven up inflation, the head of the National Bank of Poland (NBP) said on Thursday.
Almost 64 percent of Poles have said in a survey that they will reduce their Easter spending this year as inflation in Poland has crossed the 10 percent mark.
Russia's invasion of Ukraine will push Poland's 2022 average inflation figure up to 10.8 percent, according to analysts at the Polish Economic Institute (PIE).
Poland's annual inflation may drop visibly in 2024, the National Bank of Poland (NBP) wrote on Thursday in a macro-economic survey.