Polish inflation at 5% in July: flash estimate

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

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The figure was 0.3 percentage points higher than forecast by economists polled by Poland’s PAP news agency.

According to the flash estimate consumer #prices in #Poland in July 2021 as compared to July 2020 increased by 5.0% (price index 105.0).https://t.co/lWoK5exV9a#StatisticsPoland #statistics #CPI #PriceIndices #PriceIndex #inflation pic.twitter.com/bJjtjmC0Wu

— Statistics Poland (@StatPoland) July 30, 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 this 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