Inflation in Poland
Poland - Inflation
Inflation moderates in June
Consumer prices rose 0.10% from the previous month in June, coming in below May's 0.30% increase. June's result marked the softest rise in prices since December 2020. The more tepid rise was mainly driven by a fall in the price of clothing and footwear, despite an uptick in the cost of transport.
Inflation dropped to 4.4% in June, which followed May’s 4.7%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.3% in June (May: 3.2%). Lastly, core inflation fell to 3.5% in June, from the previous month's 4.0%.
FocusEconomics panelists project inflation to average 3.9% in 2021, which is unchanged from last month’s forecast, and 3.1% in 2022.
Poland - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.9||-0.6||2.0||1.6||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Poland 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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July 15, 2021
Consumer prices rose 0.10% from the previous month in June, coming in below May's 0.30% increase.
July 13, 2021
At its meeting on 8 July, the National Bank of Poland (NBP) left the reference rate on hold at 0.10%, which was in line with market expectations.
July 1, 2021
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 59.4 in June, up from May's 57.2 and marking the strongest reading on record.
June 30, 2021
Consumer prices rose 0.10% in June over the previous month, below the 0.30% rise recorded in May, according to a flash estimate.
June 24, 2021
Business confidence came in at minus 0.6 in June, down from May's minus 0.3.