Polish PM hails lower-than-expected inflation
Polish Prime Minister Donald Tusk on Friday welcomed the further drop in inflation for October, attributing the positive development to the efforts of his government.
Prices of consumer goods and services (Consumer Price Index, CPI), a key measure of inflation, stood 2.8 percent in year-on-year terms in October, slightly down from 2.9 percent in September, the country's statistics office said in a flash estimate on Friday.
The October figure was also 0.1 percentage point lower than forecast by economists surveyed by PAP Biznes.
"Inflation is again below expert expectations: 2.8! Just three years ago, at this time, it was six times higher. There was no need to dress up for Halloween, the prices in stores were scary enough. We're not just talking about it, we're making it happen!" Tusk wrote on the X portal on Friday.
Finance and Economy Minister Andrzej Domanski also took to X to express his satisfaction with the significant decline in food price growth.
"Inflation continues to decline, reaching 2.8 percent in October, once again below analysts' expectations and lower than in September," he wrote.
"The notable reduction in food price dynamics is particularly gratifying," he added. (PAP)
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