In June, consumer prices rose 0.2% over the previous month, which mirrored the result observed in May. According to the Central Statistical Office (GUS), the increase was mainly influenced by higher prices for food as well as for recreation and culture, spurred by extra spending during the Euro 2012 football tournament. Annual headline inflation increased from 3.6% in May to 4.3% in June, which was above market expectations that had inflation rising to 4.1%. In fact, inflation went up to the highest level seen in four months and remained above the Central Bank's target of 2.5% (plus/minus 1.0 percentage point) for an 18th consecutive month. Meanwhile, the core consumer price index, which excludes food and energy prices, inched up 0.1% over the previous month, driving annual core inflation to 2.3% in June.
Inflation accelerates in June
July 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 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.