Polish inflation at 2.8% in February: stats office

Inflation in Poland stood at 2.8 percent in year-on-year terms in February, the country’s statistics office said in an estimate on Friday.

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

In February 2024 consumer #prices increased by 2.8% (price index 102.8) compared to February 2023.https://t.co/ntMQ77GxgU#StatisticsPoland #statistics pic.twitter.com/4x1c1d4VJ0

— Statistics Poland (@StatPoland) March 15, 2024

Check how prices changed in February 2024 compared to February 2023 in each group of consumer goods and services.https://t.co/ntMQ77GxgU#StatisticsPoland #priceindex #statistics pic.twitter.com/kB3wRFSSuf

— Statistics Poland (@StatPoland) March 15, 2024

In January, the prices of consumer goods and services in Poland were 3.9 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In December, Poland's consumer price index stood at 6.2 percent, Statistics Poland has reported.

Inflacja w lutym 2024 roku. GUS podał najnowsze dane https://t.co/PjTePZa96w

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) March 15, 2024

The Polish central bank predicted in its latest Inflation Report, released on March 11, that inflation would average at 3 percent in 2024, followed by 3.4 percent in 2025 and 2.9 percent in 2026.

The central bank’s rate-setting Monetary Policy Council last week left key interest rates unchanged, keeping the reference rate at 5.75 percent.

(gs)

Source: PAP