Polish inflation at 6.2% in December: stats office

Inflation in Poland stood at 6.2% in year-on-year terms in December, the country's statistical office said on Monday.  

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The result was one tenth of a percentage point higher than the flash estimate released by the Statistics Poland (GUS) agency in early January.

Check how prices changed in December 2023 compared to December 2022 in each group of consumer goods and services.https://t.co/KheiryYIeQ#StatisticsPoland #priceindex #statistics pic.twitter.com/cCtZSn5I2L

— Statistics Poland (@StatPoland) January 15, 2024

In November, the prices of consumer goods and services in Poland were 6.6 percent higher than in the same month a year earlier, according to Statistics Poland.

In December 2023. #consumer prices increased by 6.2% (price index 106.2) compared to December 2022, and increased by 0.1% (price index 100.1) compared to November 2023.https://t.co/KheiryYIeQ#StatisticsPoland #statistics pic.twitter.com/u6MNFniWFU

— Statistics Poland (@StatPoland) January 15, 2024

The Polish central bank said in its latest Inflation Report, released on November 10, that inflation would average at 11.4 percent this year, followed by 4.6 percent in 2024 and 3.7 percent in 2025.

On January 9, the Polish central bank's rate-setting Monetary Policy Council left interest rates unchanged, keeping the reference rate at 5.75 percent.

Earlier this year, the panel slashed key interest rates by a combined 100 basis points, amid signs of subsiding inflation.

Source: polskieradio24.pl, Statistics Poland