Poland Inflation


Inflation stabilizes in September

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.


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Poland Inflation Chart

Poland Inflation September 2012

Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).

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