Consumer prices in October of 2022 increased by 17.9% compared to the corresponding month of the previous year - Poland Central Statistical Office said on Tuesday (November 15). The last time when prices spiked higher was in December, 1996, and stood at 18.5%. Compared to September 2022, inflation in October increased by 1.8% - Statistics Poland added.
Consumer prices in October 2022 compared with the corresponding month of the previous year, increased by 17.9% (with an increase of prices of goods – by 19.5%, and services – by 13.0%).
Compared to the previous month, prices of goods and services in October 2022 increased by 1.8% (of which goods – by 2.1%, and services – by 0.7%).
"In October of the current year, compared with the previous month, the highest contribution to the total consumer price index came from higher prices of Food (by 2.9%), Dwelling (by 1.4%), Transport (by 3.1%) and Clothing and footwear (by 3.2%), which increased the index by 0.70 pp, 0.38 pp, 0.30 pp and 0.13 pp, respectively" - Statistics Poland said.
"Compared with the corresponding month of the previous year, higher prices related to Dwelling (by 25.0%), Food (by 22.8%), Transport (by 17.3%), Recreation and culture (by 14.8%) and Restaurants and hotels (by 18.5%) increased the index by 6.31 pp, 5.42 pp, 1.71 pp and by 0,89 pp each, respectively," - we read in Tuesday's press release.
According to Statistics Poland data, none of the inflation components in October showed tendency towards its decreasing.
The final report on consumer prices in October was consistent with a flash estimate released by Statistics Poland on October 31.
The increase in goods and services prices in September of 2022 was at 17.2% year on year.
Źródło: TVN24 News in English, PAP, Statistics Poland
Źródło zdjęcia głównego: Shutterstock