Poland Inflation July 2016


Annual consumer prices remain in negative territory in July

According to a preliminary estimate released by the Central Statistical Office (GUS) on 29 July, consumer prices decreased 0.3% over the previous month in July, which contrasted the 0.2% increase recorded in June and marked a six-month low.

In annual terms, consumer prices dropped 0.9% in July, which followed the 0.8% fall recorded in June. Inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, annual average variation in consumer prices was stable at June’s minus 0.8%. More detailed data concerning consumer prices will be published on 15 August.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.5% in 2016, which is unchanged from last month’s projection. In 2017, the panel expects inflation to average 1.4%.

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Poland Inflation Chart

Poland Inflation July 2016

Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).

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