In February, consumer prices added 0.2% over the previous month, well below the 1.2% increase observed in January. According to the Central Statistics Office (GUS), the subdued monthly reading was the result of falling prices for clothing and footwear (-2.3% mom) and fuel (-1.5% mom), which compensated for a relatively weak rise in food costs (+0.7% month-on-month). Annual headline inflation remained unchanged at the 3.6% recorded in January (previously reported: 3.8%), which was below market expectations of 3.9%. Inflation is currently at its highest level since April 2009, after falling to a three-year low of 2.0% in August 2010. Moreover, annual average inflation inched up from 2.6% in January to 2.7% in February. According to the Inflation Report from March 2011, the Central Bank estimates that inflation will end the year at 3.2% and ease to 2.8% in 2012.
Inflation unchanged in February
March 15, 2011
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Poland Economic News
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.
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.