Inflation in Poland
Poland - Inflation
Inflation jumps in April
According to data released by the Central Statistical Office (GUS), consumer prices jumped 1.1% month-on-month in April, following March’s 0.3% rise. The strongest price increases were recorded for clothing and footwear, transport, and food non-alcoholic beverages—notably meat. Core consumer prices in March (the latest month for which data is available) rose 0.4% in month-on-month terms, above February’s 0.2% rise.
Inflation soared to 2.2% in April from 1.7% in March, marking the fastest increase but nonetheless remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. Higher prices for transport, restaurant and hotels, and food and non-alcoholic beverages were mainly behind the reading. For its part, core inflation in March increased to an over five-year high of 1.4% (February: 1.0%).
All told, annual average inflation inched was stable at March’s 1.6% in April.
Poland Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2019, which is down 0.2 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 2.5%.
Poland - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.9||0.0||-0.9||-0.6||2.0|
5 years of economic forecasts for more than 30 economic indicators.
Poland Inflation Chart
Source: Central Statistics Office.
|Bond Yield||2.85||-0.30 %||May 13|
|Exchange Rate||3.84||-0.53 %||May 13|
|Stock Market||56,389||-1.13 %||May 13|
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May 15, 2019
According to data released by the Central Statistical Office (GUS), consumer prices jumped 1.1% month-on-month in April, following March’s 0.3% rise.
May 15, 2019
Poland’s economy grew 4.6% year-on-year in unadjusted terms in the first quarter of this year, according to a preliminary estimate released by the Statistical Office (GUS) on 15 May.
May 15, 2019
As widely expected by market analysts, the National Bank of Poland (NBP) kept the reference rate unchanged at a record-low of 1.50% at its 14–15 May monetary policy meeting.
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, increased to 49.0 points in April (March: 48.7 points).
April 30, 2019
A preliminary estimate released by the Central Statistical Office (GUS) revealed that consumer prices jumped 1.1% over the previous month in April (March: +0.3% month-on-month).