Inflation drop

The decrease is attributed to falling food prices, which decreased by 1% in June. Fruit prices dropped by 18.1%, sugar prices by 1.4% and the price of vegetables and pork by 1.1%. "Inflation in July will drop to 0.9-1% and at the end of year to 0.8-0.9%," said Finance Minister Mirosław Gronicki. Therefore, the analysts expect that the Monetary Policy Council (RPP) will decide to cut interest rates at its meeting in July.
(Poland A.M.)