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Financial News: Poland Inflation Rises In June

Poland Inflation Rises In June

06/30/2020 - 08:16:00 (RTTNews)

(RTTNews) - Poland's consumer price inflation accelerated in June after easing in the previous month, data from Statistics Poland showed on Tuesday.

The consumer price index rose 3.3 percent year-on-year in June, following a 2.9 percent increase in May. Economists had forecast a 2.8 percent rise. In April, inflation was 3.4 percent.

Prices for food and non-alcoholic beverages grew 5.8 percent annually in June and those of electricity, gas and other fuels rose by 5.1 percent.

Meanwhile, prices of fuels for transport declined 19.3 percent.

On a month-on-month basis, consumer prices rose 0.7 percent in June.

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