EconMin expects Poland's CPI inflation to ease down to 0% y/y in July

By bne IntelliNews July 17, 2014

Consumer prices will probably decelerate as the annual inflation figure for July should amount to 0.0%, down from 0.3% y/y in June, according to the ministry of economy's analysts.

In June, inflation inched up from May's 0.2%, though market economists deemed it would stay at the previous month's level. The ministry itself expected zero inflation (y/y) already in June.

In the summer, bank analysts expect annual deflation - which is often noted in July and August - to be seen in the period of July-September.

The ministry's experts expect monthly deflation of 0.1% in July, chiefly due to further decline of food prices (that have been falling m/m for five months now); they also expect transport-related prices to inch up slightly as well as a slight fall of clothing and footwear prices. 

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Poland passes partial ban on Sunday retailing

The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more

European Parliament calls for use of “nuclear option” against Poland

The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more