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Inflation hits 5%, but enters a downward trend

The consumer price index amounted to 4.8 percent year on year in July. According to the chief economist of ING Bank Mateusz Szczurek, inflation in August stayed below 5 percent thanks to the fall in oil prices.

"If nothing bad happens, inflation in December could fall to 3.8-3.9 percent," he said. Economy Minister Waldemar Pawlak, disagrees with the estimates of the Finance Ministry and claims that the rate was below 5 percent.

Sources: Rzeczpospolita, Parkiet (A.K.)

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