Inflation is likely to reach a single-digit level in autumn - Soboń

Deputy Finance Minister Artur Soboń said that consumer inflation is likely to reach a single-digit level in the autumn. In April, consumer inflation was 14.7% annually, according to the Central Statistical Office (GUS) preliminary data. Compared to the previous month, the prices of consumer goods and services increased by 0.7%.

Last week, a member of the Monetary Policy Council (MPC), Henryk Wnorowski, estimated that consumer inflation would fall below 10% y/y in the third quarter.