Polish inflation at 5.5% in August: stats office

Inflation in Poland stood at 5.5 percent in year-on-year terms in August, the country’s Central Statistical Office (GUS) said in a final estimate on Wednesday.

Pixabay License

Image by Photo Mix from Pixabay

The figure was a notch higher than a flash estimate released by the state-run statistics agency at the end of last month.

Consumer #prices in #Poland in August 2021 increased by 5.5% YoY (price index 105.5). Compared to the previous month they increased by 0.3% (price index 100.3).https://t.co/uQoOgQNGNd#StatisticsPoland #statistics #CPI #PriceIndices #PriceIndex pic.twitter.com/09ohntg1b6

— Statistics Poland (@StatPoland) September 15, 2021

In July, the prices of consumer goods and services in Poland were 5 percent higher than in the same month a year earlier, according to the Central Statistical Office.

In June, Poland's consumer price index stood at 4.4 percent, the state-run statistics agency has said.

Poland’s central bank in July raised its inflation forecasts for the country, saying it expects the consumer price index to hit 4.2 percent this year, followed by 3.3 percent in 2022.

Poland’s central bank chief, Adam Glapiński, this summer dismissed short-term concerns over inflation in an interview with the Financial Times.

(gs)

Source: PAP