In August, consumer prices were flat over the previous month, contrasting the 0.3% price decline observed in July. The reading reflected lower prices for food and clothing, which were completely offset by higher prices in the communication and housing categories. Despite the flat reading, annual headline inflation edged up from 4.1% in July to 4.3% in August. The result saw inflation exceed the Central Bank's target of 2.5% ( 1.0 percentage point) for an eighth consecutive month. Core inflation, which excludes food and energy prices, remained stable in July at 2.4%, the latest month for which data are available. The Central Bank estimates that inflation will end the year at 4.0%, before moderating to 2.7% in 2012.
Inflation rebounds in August
September 13, 2011
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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).