Polish inflation at 13.9% in May: flash estimate

Inflation in Poland stood at 13.9 percent in year-on-year terms in May, the country’s Central Statistical Office (GUS) said in a flash estimate on Tuesday.

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The reading was 0.1 percentage point higher than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in May 2022 as compared to May 2021 increased by 13.9% (price index 113.9) and incresed by 1.7% (price index 101.7) as compared to April 2022.https://t.co/jsEbcxtIZO#StatisticsPoland #statistics #CPI pic.twitter.com/wVwFyalesw

— Statistics Poland (@StatPoland) May 31, 2022

In April, the prices of consumer goods and services in Poland were 12.4 percent higher than in the same month a year earlier, according to the Central Statistical Office.

In March, Poland's consumer price index stood at 11 percent, the statistics agency has said.

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

The government last week unveiled details of a plan to issue new high-yield savings bonds that will be available to the public from next month in an effort to protect savers from inflation. 

(gs)

Source: PAP