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Financial News: Poland Inflation Slows In May

Poland Inflation Slows In May

05/29/2020 - 07:59:00 (RTTNews)

(RTTNews) - Poland's consumer price inflation eased in May, data from Statistics Poland showed on Friday.

The consumer price index rose 2.9 percent year-on-year in May, after a 3.4 percent increase in April. Economists had forecast a 3.4 percent rise.

Prices for food and non-alcoholic beverages grew 8.0 percent annually in May and those of electricity, gas and other fuels rose by 5.2 percent.

Meanwhile, prices of fuels for transport declined 23.4 percent.

On a month-on-month basis, consumer prices decreased 0.2 percent in May.

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