Economy
22:44 3 July 2020
Post by: WBJ

June inflation: price rise surprises ministry, economists

In many Western European countries, the price increases observed before the epidemic have now slowed down significantly and prices are even lower than before. In Poland, however, in June, the level of inflation surprised development ministry and economists alike. In mid-June, the ministry forecast that inflation would amount to 2.5 percent.

In June, prices in Poland were on average 3.3 percent higher than a year ago. In turn, compared to May this year they increased by 0.7 percent, show results from the latest calculations of the Central Statistical Office (GUS).

Experts believe that considering most Poles are holidaying at home, businesses have bumped up prices following the ease in lockdown.

(Business Insider, Money)


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poland
inflation

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