Inflation stood at 2.4 percent in year-on-year terms in December, according to the country’s Central Statistical Office.
In November, the prices of consumer goods and services in Poland were 3 percent higher than in the same month a year earlier, the office said.
At the end of January, Polish President Andrzej Duda has signed into law the country’s budget for 2021, which expects the economy to grow 4 percent, with inflation targeted at 1.8 percent.
Finance Minister Tadeusz Kościński said last year that the 2021 budget would be "another stage in the plan to get back on the path of growth after the global COVID-19 lockdown."
The Polish economy contracted by 2.8 percent in 2020, but senior officials say Poland is among the five EU countries that have best weathered the coronavirus crisis.
Paweł Borys, CEO of the Polish Development Fund (PFR), a state-run investment vehicle, wrote on Twitter at the end of last month: "Poland is among the 5 EU countries that experienced the crisis caused by the pandemic the most mildly, with a chance of [making it into] the top 3.”
He added that Poland had “strong industry and exports” while consumption and the country’s labour market were stable.
The Polish Prime Minister’s Office has said that some 6 million jobs have been saved throughout the country thanks to measures including a massive relief and stimulus package designed to shield the economy from the coronavirus.
(tf/pk)
Source: PAP