22:19 18 November 2020
Inflation in Poland highest in entire EU for second month in a row
Inflation in Poland in October, according to Eurostat data, was the highest in the entire European Union and amounted to 3.8 percent on an annual basis. In monthly terms, prices increased by 0.3 percent.
For comparison, the inflation calculated by the Central Statistical Office (GUS) in October amounted to 3.1 percent y/y and 0.1 percent month to month. Other readings are caused by the difference in methodology - Eurostat data takes into account household expenditure and national accounts expenditure, while the Central Statistical Office focuses only on household expenditure.
Apart from Poland, Hungary also had a high rate (+3 percent), while the EU average was +0.3 percent. In the euro area, the rate fell by 0.3 percent y/y.
