Poland Inflation June 2018

Poland

Poland: Inflation rises in June

July 2, 2018

Consumer prices grew 0.1% on a monthly basis in June, easing from May’s 0.2% rise. June’s result was driven entirely by higher fuel prices, while utility prices ticked down marginally. Food prices, meanwhile, were stable from a month earlier.

Inflation edged higher to 1.9% from 1.7%, remaining within the Central Bank’s target band of 2.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation ticked up to 1.9% from 1.8%.

In May, the latest month for which data is available, core consumer prices fell 0.1% on a monthly basis. Core inflation ticked down to 0.5% from 0.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2018, which is up 0.1 percentage points from last month’s projection. In 2019, the panel expects inflation to average 2.4%.


Author:, Economist

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Poland Inflation June 2018

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


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