Polish inflation at 2.4% in April: flash estimate

Inflation in Poland stood at 2.4 percent in year-on-year terms in April, the country’s statistics office said in a flash estimate on Tuesday.

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The reading was in line with a forecast by economists polled by Poland’s PAP news agency.

In March, the prices of consumer goods and services in Poland were 2 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

Inflacja w kwietniu większa niż miesiąc temu. Znamy dane GUS https://t.co/VIxED7zt5f

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) April 30, 2024

In February, Poland's consumer price index stood at 2.8 percent, Statistics Poland has reported.

According to the flash estimate consumer #prices in #Poland in April 2024 as compared to April 2023 increased by 2.4% (price index 102.4) and increased by 1.0% (price index 101.0) as compared to March 2024.https://t.co/7dlzIG8rVV#StatisticsPoland #statistics #CPI pic.twitter.com/kGxbyzoEGm

— Statistics Poland (@StatPoland) April 30, 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 this month left key interest rates unchanged, keeping the reference rate at 5.75 percent.

(gs)

Source: PAP