Polish producer prices rose by 18.5 percent annually in January 2023, slowing from the previously reported 20.5 percent increase and in accordance with market expectations. Due to sharp price decreases in the provision of electricity, gas, steam, and air conditioning, the reading was the lowest since February 2022. (58.7 percent vs 68.6 percent). They increased less quickly for production (13.5 percent vs 15.2 in December). On the other hand, costs for water supply, sewerage, waste management, and remediation operations increased further (27.8 vs 23.2 percent) and for mining and quarrying (5 percent vs 4.7 percent). Producer prices rose by 0.8 percent on a monthly basis, exceeding the previous rise of 0.6 percent.
Source: Trading Economics
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