Poland Inflation August 2017

Poland

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2017, which is unchanged from last month’s projection. In 2018, the panel expects inflation to average 2.0%.


Author:, Economist

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Poland Inflation August 2017

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


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