Polish inflation at 4.8% in December: flash estimate

Inflation in Poland stood at 4.8 percent in year-on-year terms in December, the country’s statistics office said in a flash estimate on Friday.

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The figure was 0.2 percentage points lower than forecast by economists polled by Poland’s PAP news agency.

#inflacja ‼️ Tak rosły ceny w grudniu 2024. https://t.co/Mn13QlGgxJ

— PolskieRadio24.pl (@PR24_pl) January 3, 2025

In November 2024, the prices of consumer goods and services in Poland were 4.7 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In October, Poland's consumer price index stood at 5 percent, Statistics Poland has reported.

According to the flash estimate consumer #prices in #Poland in December 2024 were by 4.8% higher than a year before (price index 104.8) and increased by 0.2% (price index 100.2) as compared to November 2024.https://t.co/Ss2bhpTf26#StatisticsPoland #statistics #CPI pic.twitter.com/0NKTRImcm7

— Statistics Poland (@StatPoland) January 3, 2025

The Polish central bank predicted in its latest Inflation Report, released on November 8, that inflation would average at 3.7 percent in 2024, followed by 5.6 percent in 2025 and 3.4 percent in 2026.

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

Inflacja w grudniu. GUS podał dane#PAPinformacje https://t.co/zkCzUfD5k4

— PAP (@PAPinformacje) January 3, 2025

(gs)

Source: IAR, PAP