Poland Inflation Eases In July

Poland’s consumer price inflation in July after rising in the previous month, preliminary data from Statistics Poland showed on Friday.

The consumer price index rose 3.1 percent year-on-year in July, slower than 3.3 percent increase in June. This was in line with economists’ expectation.

In May, inflation was 2.9 percent.

Prices for food and non-alcoholic beverages grew 3.9 percent annually in July and those of electricity, gas and other fuels rose by 5.1 percent.

Meanwhile, prices of fuels for transport declined 16.1 percent.

On a month-on-month basis, consumer prices fell 0.1 percent in July.

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