Inflation in November 2023 was 6.6%. on an annual basis. This means that the price increase level was the same as in October
On Friday, the Central Bureau of Statistics published new data on inflation in Poland.
Inflation 6.6 percent
Inflation in November was 6.6%. Every year. This is the version after a more detailed analysis by the Central Bureau of Statistics of changes in the prices of consumer goods and services.
This is higher than originally calculated in the so-called fast indicator. At the same time, the least bad result in more than two years, specifically since September 2021.
Food and non-alcoholic beverage prices rose 7.2% year-on-year, energy prices rose 7.9%, and fuel for private transportation fell 5.7%. – reported the Central Bureau of Statistics. The report contains more details about price changes than in the quick read.
NBP predictions
The National Bank of Poland has published the November inflation projection, covering the period from the fourth quarter of 2023 to the fourth quarter of 2025. The starting point of the projection is the third quarter of this year. It was prepared based on unchanged NBP interest rates, including the reference rate of 5.75%, taking into account data available until October 23, 2023.
Consumer inflation will – according to the central projection path – amount to 11.4%. in 2023, 4.6 percent in 2024 and 3.7 percent in 2025 (compared to 11.9%, 5.2% and 3.6% for these years, respectively, in the July projection).
“Future economic activity and the path of CPI inflation in Poland depend largely on the extent of the disruptions in the functioning of the world economy caused by Russian aggression against Ukraine and the conflict in the Middle East,” read we in the NBP report. .
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
