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Polish inflation to stabilise in third, fourth quarters -finance minister

Inflation in Poland should stabilise or slightly decrease in the third and fourth quarters of 2022 before falling more noticeably in 2023, the Polish finance minister said in comments published on Saturday.

The Polish consumer price index (CPI) has surged to its highest level in almost a quarter of a century, in part due to the effects of the war in Ukraine on global supply chains and commodity prices. In April inflation was 12.4%.

"From today's perspective it seems that in the third, fourth quarters of this year inflation should stabilise and even slightly fall," Magdalena Rzeczkowska told the Super Express tabloid. "In the following year this fall should be more noticeable."

She said that barring unforeseen circumstances inflation would rise by another 1-1.5 percentage points compared to the April reading before starting to fall.

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