18:05 30 September 2024
GUS: inflation continuing upward since March ‘24
The Central Statistical Office (GUS) reported a preliminary Consumer Price Index (CPI) inflation rate of 4.9% y/y for September 2024, indicating a gradual increase since March. This rise follows a drop to around 3% in the first half of the year. NBP President Adam Glapiński forecasted that inflation may exceed 5% by year-end and possibly rise further at the start of 2025.
He anticipates returning to the NBP target of 2.5% by 2026, contingent on maintaining current interest rates.
