Inflation in Poland
Poland - Inflation
Inflation dips in January
A preliminary estimate released by the Central Statistical Office (GUS) revealed that consumer prices were nearly stable from a month earlier in January (January: +0.1% month-on-month; December: +0.0% month-on-month). January’s nearly flat reading saw higher food and beverage prices offset by sharply lower fuel costs. Core consumer prices in December—the latest month available—were stable from a month earlier (November: -0.1% month-on-month).
Inflation eased to 0.9%, down from 1.1% in December and landing below 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 December dipped to 0.6% (November: 0.7%).
All told, annual average inflation was stable from December at 1.6%.
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 | 2.88 | -0.30 % | Mar 11 |
| Exchange Rate | 3.82 | -0.53 % | Mar 11 |
| Stock Market | 59,470 | -1.13 % | Mar 11 |
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Economic News
Poland: Central Bank stands pat at March meeting
March 6, 2019
As widely expected by market analysts, the National Bank of Poland (NBP) kept the reference rate unchanged at a record-low 1.50% at its 5–6 March monetary policy meeting.
Poland: Manufacturing sector contracts sharply in February
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, dropped to 47.6 points in February (January: 48.2 points).
Poland: Growth cools through last year-end
February 28, 2019
Poland’s economy grew 4.9% year-on-year in unadjusted terms in the fourth quarter of last year, according to a preliminary estimate released by the Statistical Office (GUS) on 28 February.
Poland: Business confidence recovers further in February
February 25, 2019
Manufacturing-sector business confidence recovered further in February, according to the business tendency indicators released by the Central Statistical Office (GUS).
Poland: Retail sales growth perks up in January
February 21, 2019
Nominal retail sales rose 6.6% year-on-year in January, up from December’s 4.7% rise.
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