Poland Inflation July 2018


Poland: Inflation stable in July

August 10, 2018

Consumer prices dropped 0.1% on a month-on-month basis in July, contrasting June’s 0.1% rise. July’s result came on the back of lower prices for food and non-alcoholic beverages. Meanwhile, higher prices for fuels and personal transport equipment moderated the fall. Core consumer prices also dipped 0.1% on a month-on-month basis (June: +0.1% month-on-month).

Inflation was stable in July at June’s 2.0%, remaining below the midpoint of the Central Bank’s target band of 2.5% plus or minus 1.0 percentage point. Core inflation was also stable from a month earlier, at 0.6%. Lastly, annual average inflation was unchanged at June’s 1.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2018, which is up 0.1 percentage points from last month’s projection. In 2019, the panel sees inflation averaging 2.4%.


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Poland Inflation Chart

Poland Inflation July 2018 0

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

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