Poland Inflation July 2021

Poland

Poland: Inflation comes in at highest level in over ten years in July

July 30, 2021

Consumer prices rose 0.40% in July over the previous month, picking up from the 0.10% rise recorded in June, according to a flash reading. The print chiefly reflected higher prices for fuels for personal transport equipment.

Inflation rose to 5.0% in July from June’s 4.4%. July's reading was the highest inflation rate since May 2011. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 3.4% in July (June: 3.3%).

FocusEconomics panelists project inflation to average 3.9% in 2021, which is up 0.4 percentage points from last month’s forecast, and 2.4% in 2022.


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Poland Inflation July 2021

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


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