Inflation inches up to 0.3% y/y

CPI inflation in Poland amounted to 0.3 percent year-on-year in June, the Central Statistical Office (GUS) said in a data release on Tuesday. In month-on-month terms prices remained unchanged. Analysts had expected the year-on-year figure to be 0.2 percent, equal to the one recorded in May. Prices in the telecommunications sector grew the most in month-on-month terms, by 2.4 percent. Prices in entertainment and recreation grew by 0.5 percent. Factors that brought the index down were prices of food and beverages (down by 0.3 percent m/m) and of clothing and footwear (by 0.8 percent), GUS also said.