Polish inflation at 2.4% in April: stats office

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

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The reading was in line with a flash estimate released by the state-run Statistics Poland (GUS) agency at the end of last month.

In April 2024 consumer #prices increased by 2.4% (price index 102.4) compared to April 2023.https://t.co/TsBTO3bzds#StatisticsPoland #statistics pic.twitter.com/nTCtzkzjaJ

— Statistics Poland (@StatPoland) May 15, 2024

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.

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

Inflacja zgodnie z oczekiwaniami. Są najnowsze dane GUS https://t.co/UtoocmYH0c

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) May 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 this month left key interest rates unchanged, keeping the reference rate at 5.75 percent.

(gs)

Source: PAP