Polish inflation at 5% in October: stats office

Inflation in Poland stood at 5 percent in year-on-year terms in October, 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 October 2024 consumer #prices increased by 5.0% (price index 105.0) as compared to October 2023.https://t.co/Aa9CEzpTRY#StatisticsPoland #statistics #PriceIndex pic.twitter.com/Ay4yFIP3vp

— Statistics Poland (@StatPoland) November 15, 2024

In September, the prices of consumer goods and services in Poland were 4.9 percent higher than in the same month a year earlier, according to Statistics Poland.

In August, Poland's consumer price index stood at 4.3 percent, Statistics Poland has reported.

The Polish central bank predicted in its latest Inflation Report, released on November 8, that inflation would average at 3.7 percent in 2024, followed by 5.6 percent in 2025 and 3.4 percent in 2026.

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

(gs)

Source: IAR, PAP