Polish inflation at 6.8% in October: flash estimate

Inflation in Poland stood at 6.8 percent in year-on-year terms in October, hitting the highest level since May 2001, the country’s Central Statistical Office (GUS) said in a flash estimate on Friday.

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The figure was 0.4 percentage points higher than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in October 2021 as compared to October 2020 increased by 6.8% (price index 106.8) and incresed by 1.0% (price index 101.0) as compared to September 2021.
https://t.co/0TGSwo6qwu #StatisticsPoland #statistics #CPI pic.twitter.com/t3ppM69wr5

— Statistics Poland (@StatPoland) October 29, 2021

In September, the prices of consumer goods and services in Poland were 5.9 percent higher than in the same month a year earlier, according to the Central Statistical Office.

In August, Poland's consumer price index stood at 5.5 percent, the state-run statistics agency has said.

The Polish central bank’s Monetary Policy Council this month raised key interest rates for the first time since 2012 in a bid to stem inflation.

(gs)

Source: PAP