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Poland April Inflation Lowest in Nearly a Year

Figures

Poland's annual inflation rate decreased to 14.70% in April from 16.10% in March and coming in below market expectations of 15%, preliminary estimates from the Warsaw-based Central Statistical Office (GUS) on Friday show.

It was the lowest reading since May 2022, mainly due to a slowdown in prices of housing & utilities (23.5% vs 26% in the previous month) and food & non-alcoholic beverages (19.7% vs 24%).

At the same time, the cost fell for transport (-0.1% vs 3.9%). On a monthly basis, consumer prices rose 0.7%, compared to a 1.1% gain in March, and forecasts for a 0.9% increase. 

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