Polish inflation at 5% in July: stats office

Inflation in Poland stood at 5 percent in year-on-year terms in July, the country’s Central Statistical Office (GUS) said in a final estimate on Friday.

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The figure was in line with a flash estimate released by the state-run statistics agency at the end of last month.

Consumer #prices in #Poland in July 2021 increased by 5.0% YoY (price index 105.0). Compared to the previous month they increased by 0.4% (price index 100.4).https://t.co/x8ivtCY1ju #StatisticsPoland #statistics #CPI #PriceIndices #PriceIndex pic.twitter.com/oLSvTpv81a

— Statistics Poland (@StatPoland) August 13, 2021

In June, the prices of consumer goods and services in Poland were 4.4 percent higher than in the same month a year earlier, according to the Central Statistical Office.

In May, Poland's consumer price index stood at 4.7 percent, the state-run statistics agency has said.

Poland’s central bank last month raised its inflation forecasts for the country, saying it expects the consumer price index to hit 4.2 percent this year, followed by 3.3 percent in 2022.

Poland’s central bank chief, Adam Glapiński, in early July dismissed short-term concerns over inflation in an interview with the Financial Times.

(gs)

Source: PAP