Inflation in Poland. According to the EU method, it is also better
Eurostat has presented the HICP inflation reading for October 2023. Also according to this methodology, the increase in prices of goods and services in Poland was lower on an annual basis than a month ago.
Inflation in Poland is falling. This is shown not only by the data presented by the Central Statistical Office, but also by its EU counterpart. We have just learned Eurostat’s calculations.
Eurostat: Inflation down in Poland
HICP inflation in Poland amounted to 6.3% in October 2023. on an annual basis, compared to 7.7 percent y/y inflation a month earlier, the EU statistical office Eurostat reported. On a monthly basis, the indicator increased by 0.3%.
“The lowest annual rates were recorded in Belgium (-1.7%), the Netherlands (-1%) and Denmark (-0.4%). The highest annual rates were recorded in Hungary (9.6%), the Czech Republic (9.5%) and Romania (8.3%). Compared to September, annual inflation fell in twenty-two Member States and increased in five. – we read in the announcement.
Inflation in Poland. Central Statistical Office data
On November 15, the Central Statistical Office also presented the final data for October. Consumer inflation was 6.6 percent. on an annual basis in October 2023, the Central Statistical Office reported. Compared to the previous month, prices of goods and services increased by 0.3%.
On an annual basis, the price increase for services was 9.3%, and for goods it was 5.7%. Compared to the previous month, prices of goods and services increased by 0.3%. (including goods increased by 0.3 percent and prices of services – by 0.3 percent).
“In October this year compared to the previous month, the greatest impact on the price index of consumer goods and services in general had higher prices for clothing and footwear (by 3.3%), food (by 0.5%), and housing (by 0.3%). ) and communications (by 1.3%), which increased the indicator by 0.14 percentage points, 0.13 percentage points and 0.09 percentage points, respectively. and 0.06 percentage points Lower prices in transport (by 2.2%) and recreation and culture (by 0.4%) reduced this indicator by 0.2 percentage points, respectively. and 0.02 percentage points. – we read in the announcement.
