Polish inflation at 3.1% in May: stats office

Inflation in Poland stood at 3.1 percent in year-on-year terms in May, down from 3.2 percent in April, the country’s statistics office said in an estimate on Monday.

Pixabay License.Image by Maria Moczydlak from Pixabay

Month-on-month, prices fell 0.3 percent.

The figures confirm an earlier flash estimate.

The main driver of the slowdown was food, which became cheaper by 1 percent compared to April, with notable price drops in vegetables, meat and fats.

Fuel prices also dipped 0.1 percent on the month, though they remain 12.3 percent higher than a year ago.

Energy prices were unchanged from April.

The Polish central bank predicted in its latest Inflation Report, released on March 6, that inflation would average 2.3 percent this year, followed by 2.4 percent in 2027 and 2.3 percent in 2028.

(ał)

Source: IAR

Radio Poland