Polish citizens’ concerns about inflation have decreased by nearly half, according to economic experts.
Declining Inflation Concerns Among Poles
Polish citizens’ fears regarding inflation have decreased by nearly half, indicating a shift in public sentiment regarding economic stability.
The Role of Inflation Expectations
“At the end of the 20th century, economists observed that one of the most important—if not the most important—factors shaping inflation are so-called inflation expectations. An intuitive example: if we expect prices to rise soon, we will act rationally if we stop postponing larger expenses for the future (to manage before prices increase) or more assertively seek a raise at work, thereby generating pressure (demand and wage) for price increases already today”—reports Bank Pekao.