Poland Inflation August 2017

Poland

Poland: Inflation inches up for a second month in August

September 11, 2017

Consumer prices inched down 0.1% in August, moderating from July’s 0.2% decline. August’s result was driven by an increase in transport prices—which had previously fallen in July—while food prices fell marginally faster in the month.

Inflation came in at 1.8% in August, accelerating from July’s 1.7% reading but remaining comfortably within the Central Bank’s 2.5% plus/minus 1.0 percentage point target band. Moreover, annual average inflation rose to a nearly four-year high of 1.3% from 1.0% a month earlier.

Core consumer prices fell by 0.2%, accelerating from July’s 0.1% decline. Meanwhile, core inflation inched down to 0.7% from 0.8% a month earlier.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.8% in 2017, which is down 0.1 percentage points from last month’s projection. In 2018, the panel expects inflation to average 2.1%, which is up 0.1 percentage points from last month’s forecast.


Author:, Economist

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Poland Inflation Chart


Poland Inflation August 2017 0

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


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