Polish inflation at 5.4% in August: flash estimate

Inflation in Poland stood at 5.4 percent in year-on-year terms in August, the country’s Central Statistical Office (GUS) said on Tuesday in a flash estimate.

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

In August 2021 consumer #prices in #Poland increased by 5.4% YoY (price index 105.4). Compared to the previous month they increased by 0.2% (price index 100.2).https://t.co/FsViZPgHTo#StatisticsPoland #statistics #CPI #PriceIndices #PriceIndex pic.twitter.com/DVACBfaGoD

— Statistics Poland (@StatPoland) August 31, 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 last month 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, in early July dismissed short-term concerns over inflation in an interview with the Financial Times.

(gs)

Source: PAP