Polish inflation at 17.9% in October: flash estimate

Inflation in Poland stood at 17.9 percent in year-on-year terms in October, the country’s statistics office said in a flash estimate on Monday.

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The figure was 0.1 percentage point lower than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in October 2022 as compared to October 2021 increased by 17.9% (price index 117.9) and increased by 1.8% (price index 101.8) as compared to September 2022. https://t.co/ZekJQS8t8r#StatisticsPoland #statistics #CPI pic.twitter.com/ls8nJbe0dw

— Statistics Poland (@StatPoland) October 31, 2022

In September, the prices of consumer goods and services in Poland were 17.2 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In August, Poland's consumer price index stood at 16.1 percent, Statistics Poland reported.

Jaka była inflacja w październiku? GUS podał wstępne dane https://t.co/x0928oW46Z

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) October 31, 2022

The Polish central bank’s Monetary Policy Council last month raised key interest rates for the 11th consecutive time in a bid to tame inflation.

(gs)

Source: PAP