Polish Inflation Rises Again as Rate-Cut Bets Pushed Back
- Higher CPI comes after weaker retail sales data, wider deficit
- Inflation picks up, driven mostly by energy and fuel prices
Polish consumer prices accelerated for the seventh month running in October, cementing expectations that any interest rate cuts won’t come before next year.
Inflation rose to 5% from a year earlier, compared with 4.9% in September, according to preliminary data released on Thursday. The data matched the median forecast in a Bloomberg survey of 21 economists.