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Investing.com -- Poland’s annual inflation rate moderated to 3.1% in July, following twelve consecutive months of elevated inflation, as the base effect from household energy price deregulation faded.
The inflation figure exceeded both market consensus and analyst forecasts. On a monthly basis, consumer prices increased by 0.3%, with higher fuel costs for transportation being the primary driver.
Among the released components of the consumer basket, food and non-alcoholic beverage prices declined by 0.6% month-over-month, resulting in a 4.9% annual increase.
Looking ahead, inflation is expected to slightly moderate in the coming months, which could support further monetary easing by Poland’s central bank.
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