Polish inflation at 4.3% in August: flash estimate

Inflation in Poland stood at 4.3 percent in year-on-year terms in August, the country’s statistics office said in a flash estimate on Friday.

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The reading was 0.1 percentage point higher than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in August 2024 were by 4.3% higher than a year before (price index 104.3) and increased by 0.1% (price index 100.1) as compared to July 2024.https://t.co/tHik796zU7#StatisticsPoland #statistics #CPI pic.twitter.com/oZUtJivUBg

— Statistics Poland (@StatPoland) August 30, 2024

In July, the prices of consumer goods and services in Poland were 4.2 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In June, Poland's consumer price index stood at 2.6 percent, Statistics Poland has reported.

The Polish central bank predicted in its latest Inflation Report, released on July 5, that inflation would average at 3.7 percent in 2024, followed by 5.2 percent in 2025 and 2.7 percent in 2026.

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

(gs)

Source: PAP