Inflation in February above experts' expectations

In the first month of the year, inflation soared to 9.2 percent, but in February it should have fallen to 8.1-8.4 percent due to the introduction of the so-called second anti-inflationary shield. Still, consumer inflation was 8.5 percent annualized in February 2022, reported the Central Statistical Office (GUS). In annual terms, the increase in prices of services amounted to 9.1 percent, and of goods – by 8.3 percent. In terms of m/m, it was 1.5 percent and 0.9 percent, respectively.

However, the data from the Central Statistical Office (GUS) are already historical to a large extent – in the sense that Russia's attack on Ukraine changed everything. And inflation will rise faster again, according to the latest projection of the National Bank of Poland it may amount to 10.8 percent this year.

(PAP)