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Financial News: Poland Inflation Rises In December

Poland Inflation Rises In December

01/07/2020 - 06:49:00 (RTTNews)

(RTTNews) - Poland's consumer price inflation rose at the fastest pace in December, data from Statistics Poland showed on Tuesday.

The consumer price index rose 3.4 percent year-on-year in December, following a 2.6 percent increase in November. Economists had forecast 2.9 percent inflation.

Prices of fuels for personal transport equipment grew 2.1 percent annually in December, and those of food and non-alcoholic beverages, and electricity, gas and other fuels rose by 1.2 percent and 0.1 percent, respectively.

On a month-on-month basis, consumer prices increased 0.8 percent in December after a 0.1 percent climb in the previous month.

For the January to December period, consumer prices rose 2.3 percent from the same period last year.

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