The path does not give up. We know how much prices rose in April

The Central Statistical Office presented the final data on consumer inflation for April 2025. The message published on May 15 shows that the prices of goods and services increased by 4.3 percent compared to April last year. Compared to March 2025, the price level increased by 0.4 percent.

Prices are rising

According to detailed CSO data, the prices of services increased by 6.3 percent in an annual basis, while the prices of goods increased by 3.5 percent. Monthly changes also indicate a stronger increase in services – their prices went up by 1.1 percent, and the prices of goods by 0.2 percent.

Earlier, initial inflation reading published at the end of April indicated a price increase of 4.2 percent. The final data is therefore slightly higher, but in accordance with previous forecasts of analysts, which assumed inflation at the level of 4.3 percent.

It is worth recalling that in January 2025 consumer inflation amounted to 4.9 percent compared to January 2024, while it was initially estimated at 5.3 percent. The statement of this data shows some slowdown in price growth in the first months of the year, although the dynamics of service growth still remains clearly higher than in the case of goods.

The final GUS data confirms that price pressure in the economy has not disappeared, although it does not currently exceed the alarm thresholds. The persistent price increase, especially in the service sector, however, remains a significant challenge for both consumers and monetary policy decision makers.

Reduction of percentage rates

On Wednesday, May 7, the Monetary Policy Council (RPP) made a key decision regarding the amount of interest rates. After a two -day meeting, the MPC decided to reduce the reference rate of the National Bank of Poland (NBP) by 0.5 percentage points, i.e. to 5.25 percent.

“Considering the flowing information, including the lower current and forecast inflation, the depression of wage dynamics and weaker data on the conjunction, in the opinion of the Council it has become justified to adjust the level of NBP interest rates” – reads the MPC.