Polish inflation at 3% in July: stats office

Inflation in Poland stood at 3 percent in year-on-year terms in July, the country’s statistics office said on Thursday.

Pixabay LicenseImage by Gerd Altmann from Pixabay

The figure was in line with a flash estimate released by the state-run Statistics Poland (GUS) agency at the end of last month.

In June, the prices of consumer goods and services in Poland were 2.5 percent higher than in the same month a year earlier, according to the state-run Statistics Poland (GUS) agency.

In May, Poland’s consumer price index stood at 3.1 percent, Statistics Poland reported.

The Polish central bank predicted in its latest Inflation Report, released on July 10, that inflation would average 2.9 percent in 2026, followed by 2.7 percent in 2027 and 2.2 percent in 2028.

According to a set of macroeconomic targets adopted by the government in late April, Polish inflation is projected to average 2.5 percent this year and next, followed by 2.4 percent in 2028 and 2029, and 2.2 percent in 2030.

(gs)

Source: IAR/PAP

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