Energy Costs Drive Poland's September Inflation to 4.1%
Poland's StatOffice revised September consumer price index (CPI) inflation to 4.1% year over year, up from the 4.0% reported previously.
Higher energy prices contributed around 2.5 percentage points, or roughly 60%, of the annual inflation rate in September, according to the StatOffice data cited in the analysis.
Fuel prices rose 9.2% month over month in September, while household energy prices increased 1.0%. The move was driven mainly by liquid fuels, up 14.7% month over month, and solid fuels, up 5.5%, including coal at 7.4%.
Broader price pressures stayed contained. Core inflation excluding food and energy was estimated to have slowed to around 3.1% year over year from 3.3% in August.
Source: think.ing.com (opens in a new tab)2 sourcesPermalink