GUS announced its flash estimate of the September inflation rate via social media on Friday.
Poland’s statistics agency said on the X social media platform: “According to the flash estimate, consumer prices in Poland in September 2023 as compared to September 2022 increased by 8.2% (price index 108.2) and decreased by 0.4% (price index 99.6) as compared to August 2023.”
It’s the first time Poland has recorded single-digit inflation since February 2022, experts noted, as cited by the state PAP news agency.
In August, inflation in Poland stood at 10.1 percent in year-on-year terms, according to GUS.
In July, the prices of consumer goods and services in Poland were 10.8 percent higher than in the same month a year earlier, according to the state-run statistics agency.
In June, Poland's consumer price index stood at 11.5 percent.
Poland’s central bank chief, Adam Glapiński, has predicted that the Polish economy will avoid a recession in 2023 and that inflation will drop to the single digits by the end of the year.
The Polish central bank said in its latest Inflation Report, released on July 10, that inflation would average at 11.9 percent this year, followed by 5.2 percent in 2024 and 3.6 percent in 2025.
Earlier this month, the bank’s rate-setting Monetary Policy Council trimmed key interest rates by 75 basis points, in the first change to the country's interest rate regime in a year, amid signs of subsiding inflation.
(pm)
Source: PAP, Interia.pl
