Poland: Fall in annual consumer prices moderates slightly in June
June 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 June, consumer prices in June increased 0.2% over the previous month, which was above the 0.1% increase recorded in May and was broadly in line with market analysts expectations.
In annual terms, consumer prices dropped 0.8% in June, which followed the 0.9% fall recorded in May. 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 inflation was stable at May’s minus 0.8%. More detailed data concerning consumer prices will be published on 11 July.