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.
Author: Christopher Thomas, Economist