In January, consumer prices increased 1.2% over the previous month, up from the 0.4% rise recorded in December. According to the Central Statistics Office (GUS), the monthly rise was the result of higher prices for housing (+2.2% month-on-month) and food (+1.5% mom), which were partly offset by falling prices for clothing and footwear (-2.5% mom). On the back of the pronounced price increase, annual headline inflation surged from 3.1% in December to 3.8% in January, which was above market expectations of 3.4%. Inflation is now at its highest level since April 2009, after falling to a three-year low of 2.0% in August 2010. Nevertheless, annual average inflation remained unchanged for a third consecutive month at 2.6%. According to the Inflation Report from March 2011, the Central Bank estimates that inflation will end 2011 at 3.2% and ease to 2.8% in 2012.
Inflation continues to accelerate in January
February 15, 2011
Looking for forecasts related to Inflation in Poland? Download a sample report now.
Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
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.