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Poland inflation slows in May

Poland’s consumer price inflation eased in May, according to the latest data from the Warsaw-based Central Statistical Office (GUS). The consumer price index (CPI) rose 2.9% year-on-year in May, after a 3.4% increase in April. Economists had forecast a 3.4% rise.

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Prices for food and non-alcoholic beverages grew 8% annually in May and those of electricity, gas and other fuels rose by 5.2%. Meanwhile, prices of fuels for transport declined 23.4%.

On a month-on-month basis, consumer prices decreased 0.2% in May, GUS said on May 29.