Consumer prices according to the flash estimate in December 2021, compared with the corresponding month of the previous year, increased by 8.6% (price index 108.6), and as related to the previous month increased by 0.9% (price index 100.9) - Poland's state-run agancy Statistics Poland said on Friday.
According to state-run agency Statistics Poland, consumer prices in Poland in December 2021 went up by 8.6%, and by 0.9% compared to the previous month.
In December, prices of fuels for personal transport equipment went up the most - by 32.9%, while prices of electricity, gas and other fuels increased by 14.3%, and food and non-alcoholic beverages - by 8.6%.
In Novemeber 2021, the consumer price index increased by 7.8% year-on-year, and by 1.0% compared to the previous month.
Previous record-high inflation (8.5%) was reported in December 2000, which was the last month of the previous century.
Poland's Monetary Policy Council (RPP) on Tuesday decided to increase the NBP reference rate by 0.50 percentage points, i.e. to 2.25%.
"In order to reduce this risk, i.e. striving to decrease inflation to the NBP target in the medium term, the Council decided to increase NBP interest rates again. The increase of the NBP interest rates will also curb inflation expectations," the Council said.
Inflation in the first quarter of 2022 will partially decrease thanks to anti-inflationary shield, but increase again in the second quarter to reach its peak at around 8% in June, the Governor of the National Bank of Poland Adam Glapiński said at a press conference on Wednesday.
He added that, based on current forecasts, he would recommend the Monetary Policy Council increase interest rates further by at least 50 basis points.
Źródło: TVN24 News in English, stat.gov.pl
Źródło zdjęcia głównego: TVN24