In December, consumer prices increased 0.4% over the previous month, accelerating from the 0.1% rise recorded in November. According to the Central Statistics Office (GUS), the higher monthly reading was the result of increasing prices for transport (+2.6% month-on-month), and housing (+0.2% mom), although these rises were offset to some extent by falling prices for clothing and footwear (-0.2% mom). As a result of the monthly price increase, annual headline inflation stepped up from 2.7% in November to 3.1% in December, which was exactly in line with market expectations. Inflation is now at its highest level in 11 months, after having reached a three-year low of 2.0% in August. The Central Bank estimates that inflation will end 2011 at 3.0% and remain at this level in 2012.
Inflation accelerates in December
January 13, 2011
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Poland Economic News
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
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.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
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.