Future inflation index down in July

The future inflation index calculated by the Bureau for Investments and Economic Cycles (BIEC) declined by 0.7 points month-on-month in July, according to a release from the research firm quoted by the Polish Press Agency. This was the second consecutive month of decline. Inflationary pressure in the economy has subsided. A six-month period of the indicator’s growth recorded earlier most likely signals a small rebound of inflation this autumn, BIEC said. In the long-term perspective, disinflationary trends are expected to return.