The Ministry of Finance said that inflation for August was 2.1 percent, slightly lower than economists estimated, reports Parkiet.

Analysts are warning that the period of low inflation is coming to an end and now prices will go up.

"The only question is how fast they will be increasing. If it is by 0.1 percentage point each month then the growth should not worry the Monetary Policy Council (RPP)," Tomasz Kaczor, chief economist at the BGK.

He is also pointing to the prognosis by the Institute of Agricultural and Food Economics – National Research Institute (IERiGZ), which is predicting that prices of food products will go up by five percent.

Poland AM