FX.co ★ Poland’s CPI Rebounds in July, Snapping Deflationary Streak With 0.8% MoM Rise

Poland’s consumer price index (CPI) swung back into positive territory in July 2026, rising 0.8% month-over-month after a 0.5% decline in June. The data, updated on 31 July 2026, mark a notable reversal from the previous month’s deflationary reading.

On a month-over-month basis, June’s -0.5% CPI print reflected a fall in prices compared with May. In contrast, July’s 0.8% increase shows that price pressures have re-emerged, with the latest figure measuring the change from June to July. Market participants will now be watching closely to see whether July’s rebound signals the start of a renewed inflation trend or a one-off adjustment following June’s dip.