Polish inflation at 16.1% in August: flash estimate

Inflation in Poland stood at 16.1 percent in year-on-year terms in August, the country’s statistics office said in a flash estimate on Wednesday.

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The figure was 0.6 percentage points higher than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in August 2022 as compared to August 2021 increased by 16.1% (price index 116.1) and increased by 0.8% (price index 100.8) as compared to July 2022. https://t.co/tjCxNcFYKS#StatisticsPoland #statistics #CPI pic.twitter.com/UJPc0INHVq

— Statistics Poland (@StatPoland) August 31, 2022

In July, the prices of consumer goods and services in Poland were 15.6 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 15.5 percent, Statistics Poland reported.

The Polish central bank’s Monetary Policy Council last month raised key interest rates for the 10th consecutive time in a bid to tame inflation.

(gs)

Source: PAP