HICP inflation drops to 12.5% in May - Eurostat

In May 2023, consumer prices in Poland, as measured by the Harmonized Index of Consumer Prices (HICP), increased by 12.5% compared to the previous year. This marked a slight slowdown from the 14.0% rise recorded in April. On a monthly basis, prices rose by 0.2%. The HICP serves as a standardized measure of consumer price inflation, used to evaluate price stability according to the criteria outlined in the Maastricht Treaty.

The data for HICP inflation is derived from household expenditures and national accounts, distinguishing it from the Consumer Price Index (CPI), which only considers household budget expenses.

Source: strefainwestorow.pl