Polish inflation at 2.5% in May: flash estimate

Inflation in Poland stood at 2.5 percent in year-on-year terms in May, the country’s statistics office said in a flash estimate on Wednesday.

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The reading was 0.3 percentage points lower than forecast by economists polled by Poland’s PAP news agency.

In April, the prices of consumer goods and services in Poland were 2.4 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In March, Poland's consumer price index stood at 2 percent, Statistics Poland has reported.

According to the flash estimate consumer #prices in #Poland in May 2024 as compared to May 2023 increased by 2.5% (price index 102.5) and increased by 0.1% (price index 100.1) as compared to April 2024.https://t.co/nx4PIQhg8T#StatisticsPoland #statistics #CPI pic.twitter.com/VZE9dgR139

— Statistics Poland (@StatPoland) May 29, 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