Poland: Inflation edges up in August
July 31, 2017
According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 August, consumer prices decreased 0.2% over the previous month in August, the same decrease as recorded in July.
Inflation edged up to 1.8% in August from 1.7% a month earlier, and now rests marginally closer to the midpoint of the Central Bank’s target range of 2.5% with a tolerance margin of plus or minus 1.0 percentage point. Meanwhile, annual average inflation rose to 1.2% in August from 1.0% a month earlier, which is the highest print in nearly three years. GUS will publish more comprehensive data on 11 September.
Author: Lindsey Ice, Economist