Inflation and GDP projection – July 2025

The current inflation and GDP projection (published on the 4th of July 2025)

CPI inflation y/y (%)
GDP y/y (%)
202520262027
CPI inflation y/y (%)3.93.12.4
GDP y/y (%)3.63.12.5
interest rate WIBOR 3M*(%)5.525.375.37

* projection prepared under the assumption of constant interest rates

The next inflation and GDP projection will be published in November 2025

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Inflation and economic growth projection of the NBP based on the NECMOD model, July 2025

Inflation projection of the NBP based on the NECMOD model, July 2025

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