In September, consumer prices rose 0.1% over the previous month, which contrasted the 0.3% decline observed in August. According to the Central Statistical Office (GUS), the increase was mainly influenced by higher prices for fuel as well as for education. As a result of the weak monthly increase, annual headline inflation remained unchanged at August's 3.8%, which was below market expectations of 4.0%. As a result, inflation remains above the Central Bank's target of 2.5% plus/minus 1.0 percentage point for a 21st consecutive month. Meanwhile, the core consumer price index, which excludes food and energy prices, fell 0.1% over the previous month in August (the latest month for which data are available), driving annual core inflation down to 2.1%. The Central Bank estimates that inflation will end this year at 3.9%, before moderating to 2.7% by the end of 2013.
Inflation stabilizes in September
October 15, 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 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).