Poland’s ‘Putin-Inflation’ Spikes as War Drives Prices Higher
- April prices accelerate to 12.3% on energy, fuel prices
- Refugees traveling to Poland also raise domestic demand
The consumer price index rose 12.3% in April from a year earlier.
Photographer: Bartek Sadowski/BloombergThis article is for subscribers only.
Polish inflation accelerated to a 24-year high as Russia’s war on Ukraine exacerbated Europe’s energy crisis and triggered an wave of refugees that are adding to rising demand for goods and services.
The consumer price index rose 12.3% in April from a year earlier, compared with 11% in March, the statistics office said in a preliminary estimate on Friday. The reading exceeded the median estimate of 11.4% in a Bloomberg survey of 18 economists.