Poland Inflation August 2020

Poland

Poland: Inflation eases in August

September 15, 2020

Consumer prices dropped 0.10% from the previous month in August, following July’s 0.20% drop. August’s result largely reflected lower prices for food and non-alcoholic beverages, as well as for clothing and footwear.

Meanwhile, inflation came in at 2.9% in August, down from July’s 3.0%, thus moving closer to the midpoint of the Central Bank’s target band of 2.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation rose to 3.4% in August (July: 3.3%). Lastly, core inflation dropped to 4.0% in August from July’s 4.3%.

FocusEconomics panelists project inflation to average 3.2% in 2020, which is unchanged from last month’s forecast, and 2.4% in 2021.


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Poland Inflation August 20 20 1

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


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