Poland Inflation June 2018

Poland

Poland: Inflation climbs in June

July 13, 2018

Consumer prices grew 0.1% on a month-on-month basis in June, easing from May’s 0.2% rise. June’s result came on the back of higher prices for transport. Meanwhile, lower food prices moderated the rise. Core consumer prices rose 0.1% on a monthly basis.

Inflation edged higher, to a revised 2.0% (previously reported: 1.9%) from 1.7% in May—remaining below the midpoint of the Central Bank’s target band of 2.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation climbed to 1.9% from 1.8% in May. Core inflation ticked up to 0.6% from 0.5%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2018, which is up 0.1 percentage points from last month’s projection. In 2019, the panel expects inflation to average 2.4%.


Author:, Economist

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Poland Inflation June 2018 0

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


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