20:47 7 January 2025
January effect likely to lead to 5% inflation in February
According to Monetary Policy Council member Ludwik Kotecki, consumer inflation in Poland is expected to peak at 5% in February 2025 before declining to below 4% by the end of the year. The rise at the start of the year is attributed to the "January effect," driven by regulated price hikes, including increased municipal fees.
Kotecki noted that inflation will decrease from March, with a sharper drop in July due to the previous year's partial removal of anti-inflation shields. He predicts inflation will stabilize at 3-4% and potentially lower in 2026. In December 2024, consumer inflation stood at 4.8% y/y. The National Bank of Poland projects average annual inflation at 3.7% in 2024 and 4.3% in 2025.
