Poland: Inflation comes in at highest level since December 1996 in October

Inflation came in at 17.9% in October, which was up from September’s 17.2%. October's figure marked the highest inflation rate since December 1996. Looking at the details of the release, transportation prices rose in October after dropping in the previous month, while price pressures for housing, water, electricity, gas and other fuels eased.

The trend pointed up, with annual average inflation coming in at 12.8% in October (September: 11.9%). Meanwhile, .

Lastly, consumer prices increased 1.80% in October over the previous month, picking up from the 1.60% rise recorded in September. October's figure marked the highest reading since April.

FocusEconomics panelists project inflation to average 7.4% in 2023, which is up 0.5 percentage points from last month’s forecast, and 4.9% in 2024.