Polish inflation at 8.5% in February: stats office

Inflation in Poland stood at 8.5 percent in year-on-year terms in February, the country’s Central Statistical Office (GUS) said in an estimate on Tuesday.

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The reading was 0.4 percentage points higher than forecast by economists polled by Poland’s PAP news agency.

Consumer #prices in #Poland in February 2022 increased by 8.5% YoY (price index 108.5). Compared to the previous month they decreased by 0.3% (price index 99.7). https://t.co/pNsz16Zd23#StatisticsPoland #prices #statistics #CPI #PriceIndices #PriceIndex #inflation pic.twitter.com/hFY0WmZ6NC

— Statistics Poland (@StatPoland) March 15, 2022

In January, the prices of consumer goods and services in Poland were 9.4 percent higher than in the same month a year earlier, according to the Central Statistical Office.

The statistics agency said it had revised its system of weights used for calculating the consumer price index in Poland in 2022.

The Polish central bank’s Monetary Policy Council last week raised key interest rates for the sixth consecutive time in a bid to tame inflation.

(gs)

Source: PAP