Poland: Inflation edges up in July
August 11, 2017
Consumer prices edged down 0.2% in July from the previous month, mirroring June’s 0.2% decline. The result was driven by lower food and transport prices, which more than offset an increase in prices for recreation and culture.
Inflation came in at 1.7% in July, following June’s print of 1.5% and remaining within the Central Bank’s target band of 1.5% to 3.5%. The annual average variation in consumer prices rose to an over three-year high of 1.0% in July from 0.8% a month earlier.
Core consumer prices fell slightly to 0.1%, contrasting the flat reading in June. Meanwhile, core inflation came in at 0.8% in July, unchanged from June.
Author: Lindsey Ice, Economist