Poland Inflation September 2016

Poland

Poland: Fall in annual consumer prices moderates in September

October 12, 2016

According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August. The result matched the flash estimate released on 30 September. The result largely reflected that falling prices for food, beverages and tobacco were offset by rising prices for transport as well as clothing and footwear.

In annual terms, consumer prices dropped 0.5% in September, which followed the 0.8% fall recorded in August. The result was unchanged from the preliminary estimate and marked the smallest fall in two years. Inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, the annual average variation in consumer prices was stable at minus 0.8% for the seventh consecutive month.

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 1.4%.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Inflation in Poland? Download a sample report now.

Download

Poland Inflation Chart


Poland Inflation September 2016 0

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


Poland Economic News

  • Poland: Inflation edges up in July

    August 11, 2017

    Consumer prices edged down 0.2% in July from the previous month, mirroring June’s 0.2% decline.

    Read more

  • Poland: Manufacturing PMI eases to an eight-month low in July

    August 3, 2017

    The Manufacturing Purchasing Managers’ Index (PMI) fell to 52.3 in July from 53.1 a month earlier, according to IHS Markit.

    Read more

  • Poland: Market volatility materializes amid ongoing judicial crisis

    August 1, 2017

    Rising political tensions over the Polish government’s controversial judicial overhauls were checked, at least temporarily, on 24 July when President Andrzej Duda unexpectedly vetoed two of the three reform bills that had reached his desk.

    Read more

  • Poland: Inflation edges up in July

    July 31, 2017

    According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 July, consumer prices decreased 0.2% over the previous month in July, which followed a similar 0.2% fall recorded in June. Inflation edged up to 1.7% in July from 1.5% a month earlier, and now rests closer to the midpoint of the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point.

    Read more

  • Poland: Business confidence declines in July

    July 25, 2017

    In July, the manufacturing sector business climate index ticked down to 7.4 points from 7.5 points in June, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS).

    Read more

More news

Search form