Pracodawcy RP: Inflation will bottom out in April, but rise to 7% by end-2024

The Chief Economist of Pracodawcy RP (Employers of Poland), Kamil Sobolewski, predicts that consumer inflation in Poland will reach its lowest point, around 3.5% y/y, in April 2024, followed by a gradual increase to approximately 7% y/y by the end of 2024. He sees this dip as transient, with inflation rising again from May onwards. Sobolewski anticipates an improvement in 2024, particularly in consumption, which could grow over 5% in real terms, outpacing inflation.

This growth is expected due to a significant increase in income from budgetary sources, public sector wages, minimum wages, and social transfers, including a 60% indexation of the "500+" program.

Source: ISBnews