Poland: Inflation reaches a new high in October

The country’s struggles with rampant inflation have seen food and non-alcoholic beverage prices soar by 21.9 percent and energy prices spike by 41.7 percent

editor: Grzegorz Adamczyk
author: dorzeczy.pl

Poland’s annual inflation reached 17.9 percent in October, according to Statistics Poland (GUS). Compared to September, prices of goods and services increased by 1.8 percent.

Prices of food and non-alcoholic beverages increased by 21.9 percent on a year-over-year basis; prices of energy rose by 41.7 percent and fuel for private transportation increased by 19.5 percent.

Regarding month to month increases, prices of food and non-alcoholic beverages rose by 2.7 percent, energy rose by 2 percent, and fuel for private transport decreased by 4.1 percent, reported GUS.

Economists expected inflation to reach 18 percent in October.

Inflation is still widespread; price increases are frequent both among industrial goods and services. We estimate that the base inflation (without food and energy prices) increased from 10.7 to 11.3 percent,” wrote the Polish Economic Institute.

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