Poland skyline at golden hour

Poland Inflation July 2022

Poland: Inflation comes in at highest level since March 1997 in July

Consumer prices rose 0.50% in July over the previous month, slowing down from the 1.50% increase recorded in June. July’s result marked the softest rise in prices since February. The reading was driven by moderating price pressures for food and non-alcoholic beverages and easing price pressures for transportation.

Inflation came in at 15.6% in July, up from June’s 15.5%. July’s figure marked the highest inflation rate since March 1997. Meanwhile, the trend pointed up, with annual average inflation coming in at 10.1% in July (June: 9.2%). Lastly, core inflation ticked up to 9.3% in July, from June’s 9.1%.

Commenting on the outlook, Adam Antoniak, senior economists at ING, stated:

“The scale of the price increase in July does not give room for complacency for the MPC. Although the holiday period brings a deceleration in inflation and we may even witness a slight decline in August (thanks to cheaper gasoline), we set another record this year, with prices rising by double-digit levels on an annual basis. Furthermore, we expect that this year’s peak in inflation is still ahead of us.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen