Polish inflation at 6.5% in October: flash estimate

Inflation in Poland stood at 6.5 percent in year-on-year terms in October, the country’s statistics office said in a flash estimate on Tuesday.

Pixabay License

Image by mohamed Hassan from Pixabay

The reading was 0.1 percentage point lower than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in October 2023 as compared to October 2022 increased by 6.5% (price index 106.5) and increased by 0.2% (price index 100.2) as compared to September 2023.https://t.co/vP5fYMZBPt#StatisticsPoland #statistics #CPI pic.twitter.com/a7qJchWLtw

— Statistics Poland (@StatPoland) October 31, 2023

In September, the prices of consumer goods and services in Poland were 8.2 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In August, Poland's consumer price index stood at 10.1 percent.

The Polish central bank's rate-setting Monetary Policy Council this month trimmed key interest rates by a further 25 basis points, amid signs of subsiding inflation.

(gs)

Source: PAP