In February, consumer prices rose 0.1% over the previous month, which matched the result observed in the two previous months and was in line with market expectations. According to the Central Statistical Office (GUS), the increase was mainly driven by a rise in prices for food, beverages and tobacco. Annual headline inflation increased from 0.5% in January to 0.7% in February, which fell short of market expectations of 1.0%. Inflation is still below the Central Bank's target of 2.5% with a tolerance margin of plus/minus 1.0 percentage points. Meanwhile, the core consumer price index, which excludes food and energy prices, increased 0.2% over the previous month in February (January: -0.4% month-on-month). Annual core inflation rose from 0.4% in January to 0.9% in February. The Central Bank expects inflation to end 2014 at 1.7% and increase to 1.9% by the end of 2015. FocusEconomics Consensus Forecast panelists expect inflation to end 2014 at 2.1%, which is unchanged from last month's projection. In 2015, the panel expects inflation to accelerate to 2.4%.
Inflation increases in February
March 17, 2014
Author: Carl Kelly, Economist
Looking for forecasts related to Inflation in Poland? Download a sample report now.
Poland Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).
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).