Interim poland price

EUWorkers central bank shocked markets earlier this month when it cut interest rates by a full 0.75 percentage points to 6 percent on the premise that sky-high inflation was finally cooling. The move was hailed by many as proof the country’s political class is finally bringing down prices, but it’s far too early to know whether the government is actually making that happen.

While some Polish critics of the economy have seized on the domestic decline to accuse energy conglomerate PKN-Orlen—which is 49 percent owned by the state and dominates the market—of manipulating prices, European Commission officials have declined to confirm they view the situation as an abuse of competition rules. They say they are constantly monitoring the situation with a view to identifying any potential infringements.

Beyond Price: Assessing the Overall Value of Interim Solutions in Poland

Nonetheless, the EU-Ukraine row is only one of several political issues that could derail the economy, and analysts say the monetary policy stance has more to do with politics than economics. The National Bank’s head, Adam Glapinski, is an appointee of the ruling Law and Justice Party.

On the other hand, some things are significantly cheaper in the USA than in Poland, for example clothes of well-known brands are cheaper by 1/3 in the USA and cars are 30% cheaper. In fact, it pays off to bring empty suitcases when travelling to the USA for holidays and shop for clothes in local shopping malls.