In April, consumer prices increased 0.5% over the previous month, which nearly halved the 0.9% price rise observed in March. According to the Central Statistics Office (GUS), the monthly reading reflected substantial increase in transport prices (+1.7% month-on-month) as well as higher prices for food (+0.7% mom), which nevertheless grew at a slower pace than in March (+1.7% mom). As a result of the pronounced price increase, annual headline inflation rose from 4.3% in March to 4.5% in April, which was in line with market expectations. Inflation is currently at its highest level since August 2008, by far exceeding the Central Bank's target of 2.5% with a tolerance margin of 1.0 percentage point. Annual average inflation stepped up from 2.8% in March to 3.0% in April. According to the Inflation Report from March 2011, the Central Bank estimates that inflation will end the year at 3.2%, before easing to 2.8% in 2012.
Inflation accelerates to a 32-month high in April
May 13, 2011
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Poland Economic News
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.
September 30, 2016
The manufacturing sector business climate index decreased from 4.8 points in August to 3.3 points in September, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).