Poland: Inflation inches down in May
June 12, 2017
Consumer prices were unchanged in May from the prior month, below April’s 0.3% increase. The result was driven by higher prices for food and beverages and communication, which were offset by lower prices for transportation and clothing and footwear.
Inflation came in at 1.9% in May, matching the preliminary estimate (April: 2.0%). Inflation is thus within the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices rose to 0.6% in May from 0.4% in April, the highest reading since June 2014.
Core consumer prices declined 0.1% in May from the previous month, contrasting April’s 0.6% increase. Core inflation was 0.8% (March: 0.9%).