Polish inflation at 5% in October: flash estimate

Inflation in Poland stood at 5 percent in year-on-year terms in October, the country’s statistics office said in a flash estimate on Thursday.

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The reading was in line with a forecast by economists polled by Poland’s PAP news agency.

In October 2024, #consumer prices according to the flash estimate were 5.0% higher than a year ago (price index 105.0), and up 0.3% from September 2024 (price index 100.3).https://t.co/Q5NtLrSNFu#StatisticsPoland #CPI #PriceIndex #inflation pic.twitter.com/HDkyz4OL9C

— Statistics Poland (@StatPoland) October 31, 2024

In September, the prices of consumer goods and services in Poland were 4.9 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 4.3 percent, Statistics Poland has reported.

The Polish central bank predicted in its latest Inflation Report, released on July 5, that inflation would average at 3.7 percent in 2024, followed by 5.2 percent in 2025 and 2.7 percent in 2026.

The central bank’s rate-setting Monetary Policy Council in early October left key interest rates unchanged, keeping the reference rate at 5.75 percent.

(gs)

Source: PAP