Tag: Inflation

Polish interest rates will not fall in the foreseeable future due to inflation threat

The monetary authorities have been citing a high level of uncertainty for…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland’s inflation rate continues to decline

Consumer inflation in Poland decreased to 2 percent year-over-year in March

Grzegorz Adamczyk Grzegorz Adamczyk

Polish conservatives’ economic record superior to that of Tusk’s liberals

A graphic that has gone viral online shows that when Poland was…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland records lowest inflation rate in three years

In Poland, prices for consumer goods and services in February saw a…

Liz Liz

Poland: Inflation threat kills off any hope of interest rate cuts

The Polish Monetary Policy Council (RPP), which sets the interest rates of…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish inflation lowest in 3 years as it falls to 3.9%, but experts expect it to rise again

The annual rate of inflation fell to 3.9 percent per annum, the…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland to boost gold reserves significantly

The management of the National Bank of Poland has decided to increase…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation in Poland projected to drop to 5.5% by end of 2024, according to experts

Economists anticipate a reduction in Poland's consumer inflation to 5.5 percent year-over-year…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish GDP growth for 2024 forecast to reach 2.8%

The European Financial Congress is forecasting Poland’s GDP growth for this year…

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Polish interest rates remain unchanged despite fall in inflation

Poland's central bank has opted to retain its current interest rates despite…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation in Poland fell to 6.5% in October

Polish inflation fell to 6.5 percent in October, down from 8.2 percent…

Grzegorz Adamczyk Grzegorz Adamczyk

Eurostat: Poland’s inflation drops to single digits, falling faster than EU average

Inflation in Poland, according to Eurostat, was 9.5 percent, down from 10.3…

Grzegorz Adamczyk Grzegorz Adamczyk

Big cut in Polish interest rate shocks markets

Poland’s central bank (NBP) had been expected to cut interest rates by…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland: Inflation falls for sixth consecutive month

Statistics Poland (GUS) released a preliminary inflation estimate for August, referred to…

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Inflation in Poland down for the 5th consecutive month

Inflation in Poland sank 10.8 percent year-over-year in July, compared to 11.5…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish finance minister: Polish economy is in great shape despite war, Covid crisis

Polish Finance Minister Magdalena Rzeczkowska has said that despite the pandemic and…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation in Poland getting closer to single-digit level

The inflation in Poland decreased to 11.5 percent year-over-year in June compared…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland’s policy of zero VAT on food extended through 2023

Polish Prime Minister Mateusz Morawiecki announced on Monday that the zero VAT…

Liz Liz

Poland’s policy of zero VAT on food extended through 2023

Polish Prime Minister Mateusz Morawiecki announced on Monday that the zero VAT…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish inflation will reach single figures by September, says expert

Inflation in Poland is falling faster than was forecast and will continue…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland: Inflation falls to lowest point in a year

The annual rate of inflation is estimated to be running at 13…

Grzegorz Adamczyk Grzegorz Adamczyk

European Commission increases Poland’s 2023 GDP growth forecast

Poland's economy is expected to grow more rapidly than previously thought after…

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Poland’s central bank head says interest rates won’t rise and inflation will fall

Poland’s baseline inflation — excluding food and energy prices — was in…

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80% of Poles say they feel impact of inflation, highest result ever recorded

Over 80 percent of Poles have clearly felt the effects of rising…

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Poland sees largest drop in retail sales since the pandemic

Retail sales of goods in Poland decreased by 7.3 percent in March,…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish złoty hits 12-month high on weakening US dollar

The Polish złoty (PLN) strengthened on Thursday against both the U.S. dollar…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland keeps interest rates unchanged

Poland's Monetary Policy Council opted against a reduction in interest rates on…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation soars in Sweden as increase in food prices unmatched in 70 years

The European Commission recently gave Sweden the worst economic forecast of the…

Dénes Albert Dénes Albert

Inflation in Poland reaches record high of 18% in February

Inflation in February reached 18.4 percent in Poland, after hitting 17.2 percent…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation rises again in Poland

At a rate of 17.2 percent in January, annual inflation is up…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation in Poland falls more than expected

The rate of inflation has fallen for a second consecutive month in…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish central bank keeps interest rates stable

The Polish central bank's rate-setting Monetary Policy Council left interest rates unchanged,…

Grzegorz Adamczyk Grzegorz Adamczyk

Poll: More Poles believe conservative PiS party will win next parliamentary elections

A new poll found that 33 percent of Poles believe the ruling…

Grzegorz Adamczyk Grzegorz Adamczyk

Britain’s wholesale electricity prices soar to record high as cold weather sets in

Energy prices in Britain peaked at a record high on Monday as…

Thomas Brooke Thomas Brooke

Poles are changing the way they celebrate Christmas, poll finds

The current economic situation and trends in the economy, religion, and technology…

Grzegorz Adamczyk Grzegorz Adamczyk

Central bank chief forecasts single digit inflation by end of next year in Poland

The head of Poland’s central bank, Adam Glapiński, was in reassurance mode…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation in Poland drops for first time since February

Prices of consumer goods and services in Poland increased by 17.4 percent…

Grzegorz Adamczyk Grzegorz Adamczyk

Real wages in Czechia are falling at fastest rate on record, analysis shows

Czechia is currently undergoing the sharpest drop in real wages in its…

M B M B

Eurozone inflation yet to reach its peak, EU central bank head warns

President of the European Central Bank (ECB) Christine Lagarde told European lawmakers…

Karolina Klaskova Karolina Klaskova

Cheaper electricity and gas? There will be no lower price caps, says Czechia’s PM

The Czech state cannot afford any lower price caps for electricity and…

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Czechia’s frightening increase in food prices

Czechia may produce much of its own food, but that has not…

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The Germans are endangering Europe. How will Petr Fiala deal with it?

We are indeed running the European Union during the difficult time of…

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German meat industry warns of empty supermarket shelves, another 40% jump in meat prices

The German meat industry has warned of impending supply bottlenecks, especially concerning…

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Inflation still on the rise in Poland reaching 17.9 percent

Inflation in Poland hit 17.9 percent last month, reaching its highest level…

Grzegorz Adamczyk Grzegorz Adamczyk

Poland’s central bank forecasts double-digit inflation until 2024

Poland’s central bank (NBP) has forecast that inflation in 2022 will be…

Grzegorz Adamczyk Grzegorz Adamczyk

Potato prices jump 73% in Germany, food inflation rises 40% overall

Germans are known for their love of the potato to the point…

John Cody John Cody

German food and energy prices push inflation to new highs in October

In Germany, rising food and energy prices catapulted inflation to a new…

Karolina Klaskova Karolina Klaskova

Czech central bank predicts average inflation of 15.8%, lowers GDP growth estimate

On Thursday, the Czech National Bank (ČNB) lowered the country's economic growth…

Karolina Klaskova Karolina Klaskova

Poland: Inflation reaches a new high in October

Poland’s annual inflation reached 17.9 percent in October, according to Statistics Poland…

Grzegorz Adamczyk Grzegorz Adamczyk

Czechia saw biggest electricity price increase in entire EU

The average price of electricity in the European Union rose sharply year-on-year…

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Tens of thousands of Czechs protest against NATO and EU, call for end of sanctions on Russia

An anti-government protest held in Prague's Wenceslas Square on the anniversary of…

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Majority of Czechs don’t trust current government

Up to 55 percent of respondents do not trust the government of…

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Entire industries may disappear in Europe and the Czech Republic

Businesses from within the European Union will soon be beaten by non-European…

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Germany could witness a cash renaissance as its economy continues to deteriorate

It may already have seemed that inflation in the West is slowly…

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EU inflation rate soars to new high of 10.9%

The inflation rate in the European Union rose to 10.9 percent in…

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Czech PM promises no higher taxes, except for ‘temporary’ war tax

Czech Prime Minister Petr Fiala promised on the Napřímo program on TV…

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Germany saw mass protests over the weekend as cost-of-living crisis grows

Germany saw numerous demonstrations at the weekend by union workers protesting the…

Dénes Albert Dénes Albert

Minister expects Polish economic growth at over 2% for 2023

As a result of the Polish government's help with energy prices, the…

Grzegorz Adamczyk Grzegorz Adamczyk

Czech inflation soars to 18%, highest level since 1993

Price growth in the Czech Republic accelerated again after year-over-year inflation reached…

Crisis looming as 60% of German households dipping into their savings to stay afloat

German households are increasingly tapped out financially, with more and more of…

John Cody John Cody

Orbán calls for sanctions on Russia to be lifted by the end of the year

Hungary's Prime Minister Viktor Orbán (Fidesz) has appealed to the European Union…

John Cody John Cody

Almost a quarter of a million Czechs cannot pay for basic life necessities, survey shows

According to the analysis of the Neviditelní (Invisibles) project, over a million…

M B M B

The EU plans to cap soaring electricity prices

With some governments already moving to cap electricity prices, the European Commission…

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‘Without energy, no economy can run’ – German companies warn of disaster as electricity and gas tap are ‘turned off’

German companies are increasingly unable to access energy supplies on the market,…

John Cody John Cody

Poland’s central bank raises interest rate to 6.75% to combat inflation

Poland’s Monetary Policy Council on Wednesday approved a rise of 0.25 percent…

Grzegorz Adamczyk Grzegorz Adamczyk

Czechia heads towards electricity price cap as chaos and uncertainty prevail

Price cap proposals are an extremely delicate topic that will affect the…

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Fiala and Babiš clash as Czech parliament votes on no confidence in the government

Former Czech Prime Minister Andrej Babiš called the coalition government of Petr…

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Germans feeling the pinch as fuel prices soar higher

Immediately after the government's tank discount expired, fuel prices in Germany rose…

M B M B

Poland: Inflation hits yet another record, surprising many economists

Prices of consumer goods and services increased by 16.1 percent on a…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation hits record in eurozone, surges to 9.1%

Eurozone inflation rose to 9.1 percent year-over-year in August, a new record…

Hungary’s central bank raises base interest rate to 18-year high to fight inflation

On Tuesday, the Hungarian Central Bank (MNB) increased its base rate to…

Dénes Albert Dénes Albert

Will Germans soon run out of savings? Top banking boss warns of accelerating crisis

Two-thirds of Germans will soon have no ability to save money, and…

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European record broken as wholesale gas trades at €241 per MWh

The wholesale price of gas for the European market broke the record…

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German electricity prices break new record, exceed €500 per MWh for first time

The price of a crucial electricity futures contract on the European Energy…

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Electricity prices reach record high in Europe, experts warn it could be the new normal

Electricity prices in Europe have climbed to another record high, sparking fears…

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Inflation in Slovakia accelerated to 13.6 percent

The year-over-year inflation rate in Slovakia rose to 13.6 percent in July,…

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Consumer confidence in Czechia hits historic low

Consumer confidence in the Czech economy has fallen to its lowest level…

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Czechs curtail shopping as crisis looms and pessimism spreads

Dramatically high inflation and the energy crisis have taken their toll on…

Most Poles drastically changing their vacation plans due to cost-of-living crisis

More than half of Poles, per a recent poll, have altered their…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflationary spiral in Poland fueled by pay and demand

Poland’s level of inflation is higher than in Western Europe as a…

Grzegorz Adamczyk Grzegorz Adamczyk

Hungarian inflation hits 24-year record in June

Annual inflation in Hungary was 11.7 percent in June, a level not…

Dénes Albert Dénes Albert

Hungary makes surprise hike of one-week deposit rate to prop up currency

In order to prop up the country's embattled currency, the National Bank…

Dénes Albert Dénes Albert

Unemployment in Poland lowest in 32 years, but inflation highest since 1997

Poland's economy appears to be going strong, with unemployment tremendously low, but…

Grzegorz Adamczyk Grzegorz Adamczyk

Inflation to peak soon in Poland, predicts chief economist

The annual rate of inflation in Poland is now 15.6 percent, according…

Grzegorz Adamczyk Grzegorz Adamczyk

Dutch farmers ramp up protests against government’s crippling environmental demands

Dutch farmers continued their protests on Monday against measures approved by the…

Thomas Brooke Thomas Brooke

Eurozone inflation hits new record of 8.6%

The annual inflation rate across the eurozone rose to a new record…

Dénes Albert Dénes Albert

What is Czech PM Petr Fiala waiting for with rising electricity prices?

The Czech Republic is one of the few countries in the EU…

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