Poland’s CPI growth eased to 3.1% year on year in July from 4.1% y/y the preceding month, the country’s statistical office GUS said in a flash estimate on July 31. (chart)
Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.
The Czech National Bank (CNB) governor Jakub Seidler says he sees “limited scope” for more rate cuts due to persistent services inflaton, Reuters reported on July 30.
On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.
President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.
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Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, picked up its growth rate to 3.4% year on year in June (chart) after a gain of 3.3% y/y the preceding month.
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Growth of consumer price indices (inflation) accelerated further to 4.3 year on year, and by 0.2% month on month. This is up on the 4.1% y/y acceleration registered in May, and the highest inflation level since December 2023.
Poland’s consumer price index rose 4.1% year on year in June (chart), picking up from 4% y/y the preceding month, data published by the national statistics office GUS on July 15 showed.