Poland: Inflation comes in at highest level in over 20 years in October
Consumer prices rose 1.10% in October over the previous month, picking up from September’s 0.70% increase. October’s result marked the highest reading since January. The acceleration was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities rose at a stronger rate.
Inflation came in at 6.8% in October, up from September’s 5.9%. October’s figure represented the highest inflation rate since May 2001. Annual average inflation rose to 4.2% in October (September: 3.9%). Finally, core inflation rose to 4.5% in October, from September’s 4.2%.