Polish inflation at 2.5% in May: stats office

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

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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 May 2024 consumer #prices increased by 2.5 % (price index 102.5) compared to May 2023.https://t.co/PBFye35t9v#StatisticsPoland #statistics pic.twitter.com/20cvNXzOAW

— Statistics Poland (@StatPoland) June 14, 2024

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.

Inflacja w Polsce. Są nowe dane @GUS_STAT https://t.co/lssTbTAidU

— PolskieRadio24.pl (@PR24_pl) June 14, 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: IAR, PAP