Polish inflation at 5.3% in January: stats office

Inflation in Poland stood at 5.3 percent in year-on-year terms in January, the country’s statistics office said in an estimate on Friday.

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

In December, the prices of consumer goods and services in Poland were 4.7 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In November, Poland's consumer price index also stood at 4.7 percent, Statistics Poland has reported.

According to preliminary data, in January 2025. consumer #prices increased y/y by 5.3% (price index 105.3) and increased by 1.0% (price index 101.0) compared to December 2024.
Final data for January and February will be announced on 14 March.https://t.co/PS1YiNOXQO#StatsPoland pic.twitter.com/c4XwQ5qDZN

— Statistics Poland (@StatPoland) February 14, 2025

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 this month left key interest rates unchanged, keeping the reference rate at 5.75 percent.

(gs)

Source: IAR, PAP