In May, consumer prices rose 0.2% over the previous month, which was below the 0.6% increase observed in April. According to the Central Statistical Office (GUS), the increase was mainly influenced by higher prices in the food as well as dwelling categories. Despite the monthly price increase, annual headline inflation fell from 4.0% in April to 3.6% in May, which was below market expectations that had inflation moderating to 3.8%. In fact, inflation edged down to the lowest level seen since February 2011 but remained above the Central Bank
Inflation slows to a 15-month low in May
June 13, 2012
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Poland Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).
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.