Inflation to slightly exceed 3 pct y/y in August - Development Ministry

Poland's inflation will slightly exceed 3 percent year on year in August 2020, while prices of goods and services will fall by 0.1 percent month on month, according to Development Ministry analysts.

The Central Statistical Office (GUS) reported on Friday that prices of consumer goods and services increased by 3.0 percent year on year in July 2020 and fell by 0.2 percent month on month.

In the opinion of experts, food prices are likely to grow more slowly in August, while the fall in transport prices should be smaller. In monthly terms, prices will be slightly lower than in July (by 0.1 percent).