In July, consumer prices fell 0.5% over the previous month, which contrasted the 0.2% increase observed in June. According to the Central Statistical Office (GUS), the increase was mainly influenced by lower prices for clothing and footwear as well as for food. Annual headline inflation fell from 4.3% in June to 4.0% in July, which was below market expectations that had inflation moderating to 4.1%. As a result, inflation remains above the Central Bank's target of 2.5% (plus/minus 1.0 percentage point) for a 19th consecutive month. Meanwhile, the core consumer price index, which excludes food and energy prices, rose 0.1% over the previous month, driving annual core inflation to 2.3% in July. The Central Bank estimates that inflation will end this year at 3.9%, before moderating further to 2.7% by the end of 2013.
Inflation eases in July
August 14, 2012
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.