Inflation. Tax cuts will affect prices, declares the prime minister

– We are going further with our actions, which are to help not only limit the effects of inflation for Poles, but at the same time are also to lead to lowering inflation in the long term. I would like to say that, according to economists, the first anti-inflation shield cut the inflation peak by about 1-1.5 points. percent The latter, more or less of a similar size, should have a positive effect, the prime minister said on Tuesday.

– A few months ago, when the budget was being created, nobody thought about such (high – ed.) Inflation. (…) The Budget Act has not yet been approved throughout the legislative cycle, it is difficult to speak of an amendment to something that has not been adopted. Later in the year, both due to higher inflation rates – which may exceed 6% annually, maybe even oscillate around 7%, I mean annually, maybe even more – they will take into account the parameters of the new, amended act. Today, such an amendment would be premature – he added.

– Somewhere in the second half of the year, I think it is highly probable that such an amendment may occur. At the moment there is no such necessity – says Mateusz Morawiecki.

In the budget for 2022, the government has planned an average annual inflation rate of 3.3 percent, and according to economists it may be 7-8 percent.

Prime Minister Mateusz Morawiecki expressed during the press conference the hope that the zloty would continue to appreciate, in a certain trend, which, in his opinion, is important for lowering inflation in Poland.

EUR / PLN

  • Buy rate
    4.5427

  • Selling rate
    4.5462

  • Max
    4.5443

  • Min
    4.5387

  • Average exchange rate
    4.5445

  • Reference rate
    4.5411

– We are lowering inflation expectations, we are trying to strengthen the Polish zloty – 1 euro has already cost above 4.70, but today the zloty is stronger. I hope it will keep gaining strength, of course in a certain trend, this is also important for lowering inflation, said the prime minister.


About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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