Inflation in Poland
Poland - Inflation
Inflation stuck at near seven-year high in August
Consumer prices were unchanged over the previous month in August, matching July’s print, according to data released by the Poland’s Statistical Institute (GUS). The reading largely reflected higher prices for transport offsetting lower prices for vegetables, fuels and garments. Core consumer prices in July (the latest month for which data is available) rose 0.4% in month-on-month terms, following June’s 0.4% jump.
Inflation in August came in at 2.9% mirroring July’s reading, which had marked the highest reading since October 2012. It therefore remained 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 rose to 2.2% in July from June’s 1.9%, the highest reading since July 2012.
All told, annual average inflation inched up from July’s 1.8% to 1.9% in August, the highest level in one year.
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||1.89||-0.30 %||Sep 04|
|Exchange Rate||3.93||-0.53 %||Sep 04|
|Stock Market||56,176||-1.13 %||Sep 04|
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September 13, 2019
Consumer prices were unchanged over the previous month in August, matching July’s print, according to data released by the Poland’s Statistical Institute (GUS).
September 11, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 10–11 September monetary policy meeting, as had been widely expected.
September 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, rose to 48.8 points in August (July: 47.4 points).
August 30, 2019
Consumer prices were unchanged over the previous month in August, matching July’s reading, according to provisional data released by the Poland’s Statistical Institute (GUS).
August 30, 2019
Poland’s economy grew 4.5% year-on-year in unadjusted terms in the second quarter of this year, according to a revised estimate released by Poland’s Statistical Institute (GUS) on 30 August.