Polish inflation at 9.2% in January: stats office

Inflation in Poland stood at 9.2 percent in year-on-year terms in January, the country’s Central Statistical Office (GUS) said in an estimate on Tuesday.

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The reading marked the highest level this century but was 0.1 percentage point lower than forecast by economists polled by Poland’s PAP news agency.

Consumer #prices in #Poland in January 2022 (preliminary data) increased by 9.2% YoY (price index 109.2). Compared to December 2021 they increased by 1.9% (price index 101.9). https://t.co/BMjHWjXq24#StatisticsPoland #statistics #CPI #PriceIndices #PriceIndex #inflation pic.twitter.com/HTXmu4Bbhy

— Statistics Poland (@StatPoland) February 15, 2022

In December, the prices of consumer goods and services in Poland were 8.6 percent higher than in the same month a year earlier, according to the Central Statistical Office.

In November, Poland's consumer price index stood at 7.8 percent, the statistics agency has said.

The Polish central bank’s Monetary Policy Council earlier this month raised key interest rates for the fifth consecutive time in a bid to tame surging consumer prices.

Adam Glapiński, governor of the National Bank of Poland (NBP), has said that inflation in the country is expected to average 7.6 percent in 2022, rising from 2021.

(gs)

Source: PAP