Poland: Inflation ticks up in November
Consumer prices inched up 0.1% over the previous month in November, following October’s 0.2% increase, according to data released by the Poland’s Statistical Institute (GUS). The reading largely reflected higher prices for food and non-alcoholic beverages and for recreation and culture more than offsetting lower prices for transport. Core consumer prices in October (the latest month for which data is available) rose 0.3% in month-on-month terms, up from September’s 0.2% rise.
Inflation ticked up to 2.6% in November from 2.5% in October, which had marked the slowest increase in five months, and thus landed slightly above the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. For its part, core inflation came in at 2.4% in October, matching September’s reading, which had marked the highest reading since April 2012.
All told, annual average inflation inched up from October’s 2.0% to 2.1%, the highest pace in over six years.