PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Inflation falls in June


2005-07-18

Consumer prices increased by 1.4% y-o-y in June, which translates into a fall of 0.2% in relation to May, the Central Office of Statistics has declared (GUS). The decline in the inflation rate is primarily due to food prices which fell by 1.3% in June. According to Finance Minister, Miroslaw Gronicki, "Data for June confirm that the economy is free of any price pressure tendencies. In July, inflation will equal approximately 1%, and at the end of the year will fall to 0.8-0.9%". Since the beginning of the year, consumer prices rose much more slowly than a year earlier (growth of 0.6% as against 3.5% in 2004).

According to GUS, the highest price growth in the last twelve months has been observed in the following sectors: fuel, education fees, housing and health. On the other hand, the prices of clothing and footwear have fallen the most markedly, by 5.4%.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Latest news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.