Inflation in Poland
Poland - Harmonized Inflation
Inflation inches down in May
Consumer prices were unchanged in May from the prior month, below April’s 0.3% increase. The result was driven by higher prices for food and beverages and communication, which were offset by lower prices for transportation and clothing and footwear.
Inflation came in at 1.9% in May, matching the preliminary estimate (April: 2.0%). Inflation is thus within the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices rose to 0.6% in May from 0.4% in April, the highest reading since June 2014.
Core consumer prices declined 0.1% in May from the previous month, contrasting April’s 0.6% increase. Core inflation was 0.8% (March: 0.9%).
FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2017, which is unchanged from last month’s projection. In 2018, the panel also expects inflation to average 2.0%.
Poland - Harmonized Inflation Data
| 2011 | 2012 | 2013 | 2014 | 2015 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %) | 3.9 | 3.7 | 0.8 | 0.1 | -0.7 |
Poland Harmonized Inflation Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.24 | -1.37 % | Jul 18 |
| Exchange Rate | 3.64 | -0.66 % | Jul 18 |
| Stock Market | 62,332 | -0.33 % | Jul 18 |
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Economic News
Poland: Business confidence moderates in June
June 26, 2017
In June, the manufacturing sector business climate index decreased to 7.5 points from 8.1 points in May, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS).
Poland: Growth in retail sales ticks up in May
June 26, 2017
In May, retail sales rose 8.4% over the same month of 2016, picking up from April’s 8.1% growth.
Poland: Industrial output jumps in May
June 20, 2017
In May, industrial production in Poland rebounded and grew 9.1% from the same month last year, which marked a substantial improvement on April’s 0.6% slip.
Poland: Inflation inches down in May
June 12, 2017
Consumer prices were unchanged in May from the prior month, below April’s 0.3% increase.
Poland: Manufacturing PMI falls to six-month low in May
June 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) fell from April’s 54.1 to 52.7 in May, according to IHS Markit.
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