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  1. The Inflation Report presents the Monetary Policy Council’s assessment of macroeconomic developments influencing inflation. The projection of inflation and GDP presented in Chapter 4 has been prepared at the Economic Analysis and Research Department of Narodowy Bank Polski (NBP). 2024. 2023. 2022.

  2. Inflation forecast is measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) for euro area countries, the euro area aggregate and the United Kingdom. Inflation measures the general evolution of prices.

  3. Inflation is projected to increase in the fourth quarter of this year before returning to target by the end of 2025 as cost pressures ease and the impact of past monetary policy decisions gradually feeds through to consumer prices.

  4. 11 paź 2022 · Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned ...

  5. The Inflation Report presents the Monetary Policy Council's assessment of macroeconomic developments influencing inflation. The projection of inflation and GDP presented in Chapter 4 has been prepared at the Economic Analysis and Research Department of Narodowy Bank Polski (NBP).

  6. The current inflation and GDP projection (published on the 14th of November 2022)

  7. Following the surge in inflation, the outlook is for higher and more persistent inflation, with headline inflation expected to remain very high in 2022, averaging 6.8%. This reflects elevated oil and gas prices, increases in prices of food commodities that have been strongly affected by the war in Ukraine, effects related to the reopening of ...

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