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    The economic institute predicts the inflation rate to remain a two-digit number till the year's end

    Inflation will continue at a two-digit level until the end of the year, with a slight rise in August and a fall in Q4, the Polish Economic Institute (PIE), a state-owned think-tank, said on Friday citing the latest figures from the Central Statistical Office (GUS).

    Earlier on Friday GUS reported that commodity and service prices in July were up 15.6 per cent year on year, and 0.5 per cent up month on month, up from an earlier flash estimate setting Poland’s July CPI at 15.5 per cent y/y and 0.4 per cent m/m.

     

    According to PIE, inflation will drop slightly in Q4 but will remain at a two-digit value for the rest of the year.

     

    Among July’s highest price hikes PIE named fuels (36.8 per cent), energy (37 per cent) and food (15.3 per cent).

     

     

    According to Poland’s stats office, CPI reached 15.6 pct y/y in July 

     

     

    Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.6 per cent year on year and by 0.5 per cent month on month in July 2022, the Central Statistical Office (GUS) reported in a flash estimate on Friday.

     

    In an earlier flash estimate, GUS reported CPI had increased by 15.5 per cent year on year and by 0.4 per cent month on month in July 2022.

     

    Economists polled by PAP Business estimated that July’s CPI would reach 15.4 per cent year on year and 0.4 per cent month on month.

     

    In June, the prices of consumer goods and services increased by 15.5 per cent year on year and by 1.5 per cent month on month.

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