Inflation in Poland might keep rising in 2023, central bank Przemyslaw Litwiniuk stated on July 22, warning that a government coal subsidy for households would add to prices pressures. According to projections from the Polish central bank, inflation will peak at 18.8% in the first quarter of 2023. It was 15.5% in June, based on statistics office data, the highest level in the past 25 years.
Litwiniuk told private broadcaster TVN24:
“If the government fails to build an adequate supply in terms of energy and its price, unfortunately, inflation may rise in 2023.”
The government wants to give households a one-off payment of 3,000 zlotys ($640) to help in covering the rising cost of coal. It estimates the program will cost around 11.5 billion zlotys.
($1 = 4.6735 zlotys)
