18:08 15 October 2024
PKO BP: CPI and core inflation to maintain current levels until end of ‘24
PKO Bank analysts predict that both CPI and core inflation will remain at current levels through the end of 2024. They expect inflation to return to the National Bank of Poland's target range (1.5-3.5%) only in the second half of 2025.
In September, Poland's inflation rose 4.9% y/y, with goods increasing by 4.2% and services by 6.8%. Analysts noted a sharper rise in food prices (4.7% annually), driven by oils, fats, and fruit, while fuel prices dropped, helping curb inflation.
Energy costs increased by 11.4% y/y, and core inflation rose to 4.3%. Analysts expect food inflation to continue rising, while inflation will peak at around 5.5% y/y. They also highlighted price increases in education (4.5% m/m) and recreational services, linked to wage pressures and seasonal trends.
(pb.pl)
