Poland Inflation November 2016


Poland: Fall in consumer prices ends in November

November 30, 2016

According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 November, Polish consumer prices rose 0.1% over the previous month in November, which was below the 0.5% increase in October.

In annual terms, consumer prices were flat in November, halting an over two-year sequence of falling prices (October: -0.2% year-on-year). However, inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, annual average variation in consumer prices inched up to minus 0.7% from October’s minus 0.8%. The GUS will publish more detailed data concerning consumer prices on 15 December.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.7% in 2016, which is unchanged from last month’s projection. In 2017, the panel expects inflation to average 1.3%, which is also unchanged from last month’s estimate.

Author: Angela Bouzanis, Senior Economist

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Poland Inflation Chart

Poland Inflation November 2016

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

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