Statistics Poland: September inflation at 17.2% year on year

"Consumer prices in September 2022 compared with the corresponding month of the previous year, increased by 17.2% (with an increase of prices of goods – by 18.7% and services – by 12.5%). As related to the previous month consumer prices increased by 1.6% (of which goods – by 1.7% and services – by 1.3%)" - Statistics Poland said in a press release on Friday (October 14).

Friday's report on inflation in September is consistent with a flash estimate published by Statistics Poland on September 30. In August, 2022, consumer prices increased by 16.1% compared to the corresponding month of the previous year.

"Compared with the corresponding month of the previous year, higher prices related to Dwelling (by 26.0%), Food (by 20.0%), Transport (by 16.4%), Restaurants and hotels (by 17.8%) and Recreation and culture (by 13.9%) increased the index by 6.50 pp, 4.78 pp, 1.61 pp, 0.86 pp and 0.85 pp, respectively" - we read in the press release.

Statistics Poland added that "compared with the previous month, the highest contribution to the total consumer price index came from higher prices related to Dwelling (by 2.4%), Food (by 1.7%) and Clothing and footwear (by 4.8%), which increased the index by 0.64 pp, 0.42 pp and 0.19 pp, respectively. Lower prices related to Transport (by 1.5%) decreased the index by 0.15 pp".