Inflation in Poland
Poland - Inflation
Inflation at over six-year high in June
Consumer prices rose 0.3% month-on-month in June, following May’s 0.2% uptick, according to data released by the Poland’s Statistical Institute (GUS). Price increases were recorded for food and non-alcoholic beverages, and fuels for personal transport equipment, while prices for electricity, gas and other fuels dropped. Core consumer prices in May (the latest month for which data is available) declined 0.3% in month-on-month terms, contrasting April’s 1.0% jump.
Inflation increased to 2.6% in June from 2.4% in May, marking the fastest increase since November 2012 and inching above the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. For its part, core inflation in May remained unchanged at April’s over six-year high of 1.7%.
All told, annual average inflation remained unchanged at May’s 1.7% in June.
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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.9 | 0.0 | -0.9 | -0.6 | 2.0 |
Poland Inflation Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.29 | -0.30 % | Jul 11 |
| Exchange Rate | 3.79 | -0.53 % | Jul 11 |
| Stock Market | 60,362 | -1.13 % | Jul 11 |
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Economic News
Poland: Consumers close Q2 on a softer note
July 19, 2019
Nominal retail sales rose 5.3% year-on-year in June, coming in below May’s 7.3% jump.
Poland: Industrial production dives in June, on falling manufacturing output
July 19, 2019
Industrial output fell 2.7% year-on-year in June, contrasting May’s 7.7% jump and marking the worst reading in nearly three years, according to the Central Statistical Office (GUS).
Poland: Central Bank holds its ground in July as expected
July 3, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 2–3 July monetary policy meeting, as had been widely expected.
Poland: Manufacturing sector moves further into contractionary territory in June
July 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, edged down to 48.4 points in June (May: 48.8 points).
Poland: Inflation at over six-year high in June
June 28, 2019
Consumer prices rose 0.3% month-on-month in June, following May’s 0.2% uptick, according to data released by the Poland’s Statistical Institute (GUS).
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