Wednesday, Jan 8, 2020. 16:59

Poland inflation rises in December

Photo by Andrii Spy_k/Shutterstock.com

Poland’s consumer price inflation rose at a faster pace in December, data from the Warsaw-based Central Statistical Office (GUS) showed on Tuesday (January 7).

Photo by Andrii Spy_k/Shutterstock.com

The consumer price index (CPI) rose 3.4% year-on-year in December, following a 2.6% increase in November. Economists had forecast 2.9% inflation.

Prices of fuels for personal transport equipment grew 2.1% annually in December, and those of food and non-alcoholic beverages, and electricity, gas and other fuels rose by 1.2% and 0.1%, respectively.

On a month-on-month basis, consumer prices increased 0.8% in December after a 0.1% climb in the previous month. For the January to December period, consumer prices rose 2.3% from the same period last year, GUS said.

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