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Polish Inflation in May: Mixed Trends in Price Changes

  Preliminary data for May 2024 confirm a year-on-year inflation rate of 2.8% in Poland, consistent with estimates but slightly below the market consensus of 2.8%. This follows an inflation rate of 2.4% in April and 2% in March. The Central Statistical Office reported that several categories had a significant impact on the overall consumer inflation rate in May compared to April. Higher prices were observed in food (up 0.3%), restaurants and hotels (up 0.9%), health (up 0.9%), and Read more

Poland Anticipates Lower Tax Refunds This Year Following Record-Breaking Returns in 2023

In 2023, Polish taxpayers celebrated a windfall as tax authorities disbursed a historic PLN 27 billion in refunds for Personal Income Tax (PIT) overpayments. However, this year is poised for a different trajectory, with expectations of reduced returns. Marcin Łoboda, the head of Poland's National Tax Administration (KAS), forecasts a decline in tax refunds for 2024 compared to the remarkable figures of the previous Read more
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