Poland approaching inflation target

"We are rapidly approaching the inflation target," said NBP Vice President Marta Kightley. She noted that the latest inflation flash reading was 3.9% year-on-year, indicating a swift approach towards the inflation target of 2.5% +/-1 percentage point. Kightley highlighted positive data in the first half of the year. NBP President and Monetary Policy Council (MPC) Chairman Adam Glapiński stated at a recent press conference that consumer inflation could temporarily drop to around 2.5% year-on-year, likely falling below 3% year-on-year in March.

NBP previously mentioned that consumer inflation in the second half of the year could temporarily spike due to regulatory factors to 6-8% year-on-year.

Source: inwestycje.pl