18.08.201009:23:00UTC+00Polish Producer Price Inflation Quickens In July

Polish annual producer price inflation accelerated to 3.9% in July from a revised 2.1% in June, the Central Statistical Office said Wednesday.

The price growth in July was better than economists' forecast for a 3.1% increase. The June figure has been upwardly revised from 1.9% estimated initially.

On a monthly basis, prices rose 0.3%, slower than the revised 1% increase in the previous month. Year-on-year, producer prices in manufacturing industry rose 2.7% and prices in mining and quarrying sector climbed 20%.

Production and supply costs of electricity, gas, steam and air conditioning supply 4.2% year-on-year. Similarly, prices in manufacturing, mining as well as utilities recorded an increase on a monthly basis.

Prices of construction and assembly production were by 0.1% lower than in the previous month in July and 0.2% higher than in the same month last year.

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