Core inflation in Poland highest for 19 years in July: central bank

Core inflation, which excludes changes in food and energy prices, hit 4.3 percent in Poland in July, the highest in 19 years, the country’s central bank has said.

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The indicator rose 0.2 percentage points compared to June.

Meanwhile, inflation in Poland including food and energy prices stood at 3 percent in year-on-year terms in July, the country’s Central Statistical Office (GUS) said on Friday in a final estimate.

In June, the prices of consumer goods and services in Poland were 3.3 percent higher than in the same month a year earlier, according to the Central Statistical Office.

The state-run statistics agency earlier this year said it had revised its system of weights used for calculating the consumer price index in Poland in 2020.

(pk)

Source: IAR