In July, GUS announced a big surprise – inflation in the consumer market again slowed down. The price increase is clearly lower than a month and a year ago. Check what has changed and what it means for each of us's wallet!
Inflation in July under the microscope – the latest report of the Central Statistical Office
Consumer inflation in July 2025 only increased by 3.1% compared to July 2024 – this is the lowest rate in many months and a clear signal of a slowdown in prices. The comparison of the month to the month is even more interesting – prices only increased by 0.3%. Economists and ordinary consumers were relieved – the wallets finally stopped melting at a fast pace!
| Category | Amendment July 2025 | Change m/m July 2025 |
|---|---|---|
| Total | 3,1% | 0,3% |
| Food and non-alcoholic beverages | 4,9% | -0,6% |
| Energy carriers | 2,4% | 1,1% |
| Private transport fuels | -6,8% | 3,5% |
What exactly pulls inflation down?
Inflation has contributed to the most:
- lower fuel prices (up to -6.8% y/y!)
- stabilising energy prices
- suppressing rising food prices (although there is still a slight pressure here)
On the other hand, in stores you will notice that the prices of bread or basic products do not decrease – but, for example, the reductions in petrol stations are clear. Such changes arise, inter alia, from the return to stability in raw materials markets and lower domestic demand.
How does inflation compare to the NBP target?
It is worth recalling that the inflation target of the National Bank of Poland is 2.5%. The current level 3.1% is still minimally above this target, but these are no longer "astronomical" values known from previous years.
- In the previous months, inflation regularly exceeded 4-5%
- Today's data represents the biggest price dynamics decline in many quarters
Will Poles really feel relief in their wallets?
Although nominally prices are still rising, real purchasing power ceases to be reduced from month to month. For many home budgets, it's a sign that the worst is over. If the trend continues, one can expect not only price stabilisation, but even local reductions. — especially in the fuel and energy market.
