Dariusz Filar

The data published by Eurostat reveals an alarming situation in which the Polish economy is now. In comparison to other economies in the European Union, it appears to be very weak in terms of economic growth and, simultaneously, particularly affected by inflation.

Core inflation in Poland in December 2022 was 11.5%, while the average in the European Union was 5.97%, and in the euro zone alone it was 5.2%. These huge differences in core inflation prove that the Polish monetary policy was pro-inflationary. These pro-inflationary mistakes had to be made mainly in 2020-2021.