Poland Inflation September 2016


Annual fall in consumer prices moderates in September

According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August.

In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August. Inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, annual average variation in consumer prices was stable at August’s minus 0.8%. The GUS will publish more detailed data concerning consumer prices on 15 October.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.6% in 2016, which is unchanged from last month’s projection. In 2017, the panel expects inflation to average 1.3%.

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Poland Inflation Chart

Poland Inflation September 2016

Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).

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