Polish inflation at 2.9% in August: flash estimate

Inflation in Poland stood at 2.9 percent in year-on-year terms in August, the country’s Central Statistical Office (GUS) said on Tuesday in a flash estimate.

Pixabay License

Image by Gerd Altmann from Pixabay

The figure was 0.1 percentage point lower than forecast by economists polled by Poland’s PAP news agency.

According to flash estimate, consumer #prices in #Poland in August 2020 increased by 2.9% YoY (price index 102.9). Compared to the previous month they decreased by 0.1% (price index 99,9).https://t.co/1ooJPdoo5H#StatisticsPoland #statistics #CPI #PriceIndices #PriceIndex pic.twitter.com/KJiNA8vnYM

— Statistics Poland (@StatPoland) September 1, 2020

In July, the prices of consumer goods and services in Poland were 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.

(gs)

Source: PAP