Magento now requires ACL permissions to be granted to the block you are adding by shortcode.
Adding the block to System > Permissions > Blocks resolved it for me.
For example: I have added Block Name:
Finally refreshed the Cache Storage all working fine.
Source of info: https://community.magento.com/t5/Technical-Issues/Static-block-shortcodes-not-working-1-9-2-2/td-p/20096/page/2: