FX.co ★ Poland’s Inflation Picks Up to 3.0% in July, Edging Above Central Bank Target

Poland’s consumer price index (CPI) accelerated to 3.0% year-over-year in July 2026, up from 2.5% in June, according to data updated on 31 July 2026. The figures are based on annual comparisons, measuring price changes in each month relative to the same month a year earlier.

The move marks a notable uptick in inflation after June’s reading, which had aligned with the National Bank of Poland’s official inflation target of 2.5%. July’s print now places inflation slightly above that benchmark, suggesting growing price pressures in the Polish economy.

While no additional breakdown was provided, the shift from 2.5% to 3.0% year-over-year will likely draw attention from policymakers and markets, as investors assess whether this marks the start of a new inflationary trend or a temporary acceleration in consumer prices.