Polish inflation at 1.9% in March: flash estimate

Inflation in Poland stood at 1.9 percent in year-on-year terms in March, the country’s statistics office said in a flash estimate on Friday.

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The reading was 0.2 percentage points lower than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in March 2024 as compared to March 2023 increased by 1.9% (price index 101.9) and increased by 0.2% (price index 100.2) as compared to February 2024.https://t.co/UjVCLF8DLf#StatisticsPoland #statistics #CPI pic.twitter.com/yv6xVwYK89

— Statistics Poland (@StatPoland) March 29, 2024

In February, the prices of consumer goods and services in Poland were 2.8 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In January, Poland's consumer price index stood at 3.9 percent, Statistics Poland has reported.

Inflacja znów spada. Najniższy poziom od kilku lat https://t.co/LGpcyYZWXg

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) March 29, 2024

The Polish central bank predicted in its latest Inflation Report, released on March 10, that inflation would average at 3 percent in 2024, followed by 3.4 percent in 2025 and 2.9 percent in 2026.

Inflacja w marcu wyniosła rdr 1,9 proc. https://t.co/xZQ0v8vafw

— PolskieRadio24.pl (@PR24_pl) March 29, 2024

📉 Inflacja spadła poniżej kolejnego poziomu. Takiego wyniku nie było od 5 lat! pic.twitter.com/EFrkCJmHGu

— Kancelaria Premiera (@PremierRP) March 29, 2024

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

(gs)

Source: PAP