Prime Minister Mateusz Morawiecki said in Friday’s podcast that he would like the anti-inflationary shield to protect Poles from next month. He added that the package prepared by the government consists of two parts: a reduction in taxes on energy, gas and fuels, as well as a shielding allowance (from PLN 400 to PLN 1,150) for families most exposed to the effects of price increases.
The prime minister on the anti-inflationary shield
– The anti-inflation tool is a response to the next stage of the global economic crisis, i.e. rising inflation – said Morawiecki in his podcast.
– It is a question of solidarity; it is in the interest of all of us that the crisis should affect us as a society as little as possible, he stressed. He added that thanks to these measures the inflation peak will be cut by 1-1.50 points, and each family will save even several hundred zlotys. – We want the anti-inflation shield to start protecting Poles from next month – he pointed out.
Morawiecki on inflation
The prime minister also stressed that the tax cut should not be a pretext for companies to introduce hidden increases. – That is why we will observe whether the companies operate fairly – he announced.
Morawiecki also noted that record high inflation is a problem faced by many countries. He indicated that, for example, in Spain such a price increase had not been recorded for 29 years, and in Germany for 28 years. – In the euro zone, inflation has been the highest since the beginning of the measurements, ie in 25 years – he said.
He explained that the factors driving inflation are, inter alia, rising fuel prices on world markets, Russia’s actions, and the EU’s irrational climate policy. – Therefore, at the meeting of the European Council in mid-December, I will propose to stop speculating on CO2 emission allowances, so that only energy-intensive entities and others that must have such allowances can trade them – he announced.
The anti-inflationary shield consists of: cuts in motor fuel prices – excise duty at the EU minimum level and 0 percent. tax on retail sales of fuel; gas price reductions (January-March) – lower VAT (8 percent instead of 23 percent); zero percent electricity excise duties for households; reduction of electricity prices (January-March) – lower VAT (5% instead of 23%); lowering the costs of electricity and basic food products through the “shield” supplement (from PLN 400 to PLN 1150 per year, depending on the household income).
Inflation in Poland
The Central Statistical Office on Tuesday reported preliminary inflation data for November this year. According to estimates, this month’s year-on-year increase in prices was 7.7 percent. This is the highest level since December 2000, when inflation was 8.5 percent year on year. The preliminary data of the Central Statistical Office show that, inter alia, fuel for private means of transport went up by 36.6 percent annually.
Main photo source: PAP / Tomasz Gzell