Poland Inflation July 2017

Poland

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.

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 July 2017 0

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


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