Inflation in Poland
Poland - Harmonized Inflation
Inflation comes in at highest level in over 20 years in October
Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase. October's result marked the highest reading since January. The acceleration was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities rose at a stronger rate.
Inflation came in at 6.8% in October, up from September’s 5.9%. October's figure represented the highest inflation rate since May 2001. Annual average inflation rose to 4.2% in October (September: 3.9%). Finally, core inflation rose to 4.5% in October, from September’s 4.2%.
FocusEconomics panelists project inflation to average 4.2% in 2022, which is up 0.5 percentage points from last month’s forecast, and 3.2% in 2023.
Poland - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.7||-0.2||1.6||1.2||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Poland Harmonized Inflation Chart
Source: Central Statistics Office.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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November 25, 2021
Business confidence tumbled to minus 10.5 in November from minus 6.3 in October.
November 23, 2021
Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase.
November 22, 2021
Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase.
November 15, 2021
Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase.
November 12, 2021
According to a preliminary estimate, GDP growth lost steam in the third quarter, slowing to 5.1% year-on-year from 11.2% in the second quarter.