Poland GDP Rebounds in Q3, Inflation Accelerates in Oct

Analysis

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Poland's gross domestic product (GDP) advanced 0.9% sequentially in the third quarter, reversing a 2.3% fall in the second quarter, flash data from the Central Statistical Office (GUS) showed on Tuesday.

On a yearly basis, GDP growth eased to 4.4% in the September quarter from 5.6% in the June quarter.

Data also showed that seasonally unadjusted GDP grew at a slower pace of 3.5% annually versus a 5.8% increase in the previous quarter.

In a separate report, the Warsaw-based statistics agency showed that consumer price inflation climbed to 17.9% in October from 17.2% in September.

The upward trend in inflation was mainly contributed by a 28.7% surge in utility costs.

This was followed by a 22% rise in prices of food and non-alcoholic beverages.

On a monthly basis, consumer prices rose 1.8% in October versus a 1.6% gain a month ago.

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