WARSAW (Reuters) – Poland’s inflation may rise slightly in September, Poland’s finance minister said on Saturday, adding that she still believed it would peak this year.
Poland is struggling with price growth that has jumped to its highest level in a quarter of a century combined with a slowdown that some economists say could push the EU’s eastern wing largest economy into recession.
“We expect there will be inflation growth in September to around 16.4%,” Magdalena Rzekowska told RMF FM private radio.
In August, inflation was 16.1%, according to Census Bureau data.
“I still hope it will be the highest point for inflation this year… at the end of next year inflation should start to fall,” she said.
Rzekowska also said that Poland will not enter a recession, but will certainly experience an economic slowdown.