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Inflation will reach 10%. If not for the inflation shield – PKO BP

Inflation will reach 10%.  If not for the inflation shield - PKO BP

Inflation should be lower than it would have been had the measures not been implemented. We should see inflation peaking in December at around 8%. – Predict Adamiak at Polsat News.

He pointed out that “without the anti-inflation shield, inflation would have reached 9-10%.”

The latest GUS data shows that inflation in November was the highest since the end of 2000 – it rose to 7.7%. From 6.8 percent in October, according to economists, in December it will exceed 8 percent.

Monica Kortic, chief economist at Pocztowy Bank, when asked about Interia about the peak of inflation this year, expects the index in December to reach 8.1 percent. Later it will start to decline (in January it will reach about 7.9%) and at the end of 2022 it will reach the level of about 4.9%.

Prime Minister Mateusz Morawiecki announced on Tuesday that the Cabinet has today approved the relevant regulations and projects related to the Anti-Inflation Shield. Some still need the approval of Parliament and the President.

The anti-inflation shield, which will start operating mostly in January, consists of six components: Auto fuel price reductions (from December 20) – excise tax at the minimum EU level and 0% of retail fuel sales; Gas price cuts (January-March) – VAT reduction (8 percent instead of 23 percent); zero percent electricity tax fee for households; Electricity price reduction (January – March) – VAT reduction (5% instead of 23%); Reducing the costs of electricity and basic food products – through the supplement “Shield” from PLN 400 to PLN 1150 per year, depending on family income; Savings in management and budget.

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