Core inflation excluding food and energy prices was 10 percent in August. per year – informs the National Bank of Poland. Compared to July, this is a decrease of 0.6 percentage points.
The National Bank of Poland also reported that core inflation excluding administered prices stood at 8.9 percent on an annual basis compared to 9.6 percent in July.
Core inflation excluding the most volatile prices was 12.7%. in August compared to 13.7 percent in July.
Core inflation, calculated using the 15% trimmed average method, was 11%. in August compared to 12 percent in July.
The Central Bureau of Statistics published inflation data in August
Inflation in August this year was 10.1% on an annual basis. – reported the Central Bureau of Statistics last Friday. Compared to the previous month, the prices of goods and services have not changed.
Compared to the same month of the previous year, higher prices increased for food (by 12.5%), housing (by 11.4%), recreation and culture (by 10.9%), and restaurants and hotels (by 13. 3%). indicator with 3.07 percentage points and 2.87 percentage points respectively. and 0.68 percentage points each. Lower transport prices (by 1.7%) decreased this indicator by 0.17 percentage points. – the Central Bureau of Statistics said in a statement.
On an annual basis, the price increase for services was 11.1% and for goods 9.8%. Compared to the previous month, the prices of goods and services remained at the same level (of which the prices of goods decreased by 0.2% and the prices of services decreased by 0.6%).
Transport prices up, food prices down slightly
“In August this year, compared to the previous month, the biggest impact on the price index of consumer goods and services in general was higher prices in the areas of transport (by 2.0%), housing (by 0.2% ), healthcare (by 0.2%), 5 percent) and restaurants and hotels (by 0.5 percent), increasing the index by 0.18 percentage points, 0.04 percentage points and 0.03 percentage points respectively. Lower food prices ( by 1.0 percent) and clothing and shoes (by 0.7 percent) reduced this indicator by 0.27 percentage points and 0.03 percentage points, respectively – according to data from the Central Bureau of Statistics.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
