Statistics Poland: inflation in May at 13.9% year on year

Compared with the corresponding month of the previous year, consumer prices in May 2022 increased by 13.9% (with an increase of prices of goods – by 14.9% and services – by 10.8%). As related to the previous month consumer prices increased by 1.7% (of which goods – by 1.9% and services – by 1.0%) - Statistics Poland said on Wednesday.

Contributions of price changes to the total consumer price index In May of the current year, compared with the previous month, the highest contribution to the total consumer price index came from higher prices related to Dwelling (by 2.3%), Transport (by 3.4%), Food (by 1.3%) and Restaurants and hotels (by 2.4%), which increased the index by 0.58 pp, 0.35 pp, 0.33 pp and 0.11 pp, respectively, the agency said in a press release published at its website.

Compared with the corresponding month of the previous year, higher prices related to Dwelling (by 19.2%), Food (by 14.1%), Transport (by 25.8%),Restaurants and hotels (by 15.7%) and Recreation and culture (by 10.3%) increased the index by 4.77 pp, 3.43 pp, 2.42 pp, 0.74 pp and 0.62 pp, respectively, Statistics Poland reported.

Statistics Poland is Poland's chief government executive agency charged with collecting and publishing statistics related to the country's economy, population, and society, at the national and local levels.