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Polish Prime Minister Mateusz Morawiecki said on Thursday the government will cut taxes on fuel and energy starting in December and give bonuses to hardest-hit families next year to tackle inflation that has reached its highest levels since 2001.

Morawiecki said the so-called “anti-inflation shield” would cost the government about 10 billion zlotys ($2.4 billion) while the extra money would come from spending cuts.

He blamed inflation, which reached 6.8% in October, year-on-year, on rising energy costs, saying it stems from Russian gas policy, EU climate policy and CO2 emissions certificate prices, as well as bonuses paid. To help businesses survive the COVID-19 pandemic. Food, fuel and energy prices have risen.

“We are introducing a significant tax cut, in order to mitigate the effects of inflation,” Morawiecki said.


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