Inflation will continue on 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, has said citing the latest figures from the Central Statistical Office (GUS).
GUS reported that commodity and service prices in July were up by 15.6% YoY and by 0.5% MoM, up from an earlier flash estimate setting Poland’s July CPI at 15.5% and 0.4% respectively.
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%), energy (37%) and food (15.3%). (The First News/Business World Magazine)