Inflation in Poland
Poland - Inflation
Inflation moderates in July
Consumer prices dipped 0.1% over the previous month in July, contrasting June’s 0.6% jump. Lower prices for food and non-alcoholic beverages and for electricity, gas and other fuels more than offset rising prices for fuels for personal transportation. Core consumer prices in June (the latest month for which data is available) soared 0.7% in month-on-month terms, swinging from May’s 0.1% dip.
Inflation declined from 3.3% in June to 3.1% in July, and thus moved closer to the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. For its part, core inflation came in at 4.1% in June, up from May’s 3.8% and the highest print since December 2001.
All told, annual average inflation inched up from 3.3% in June to 3.4% in July, the highest reading since January 2013.
Poland - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | -0.9 | -0.6 | 2.0 | 1.6 | 2.3 |
Poland Inflation Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.07 | -0.30 % | Dec 31 |
| Exchange Rate | 3.79 | -0.53 % | Jan 01 |
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Economic News
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Poland: Manufacturing conditions improve at fastest pace in two years in July
August 3, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose for the third consecutive month and climbed from June’s 47.2 to 52.8 in July, as lockdown measures were further eased and operations restarted.
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Poland: Inflation moderates in July
July 31, 2020
Consumer prices dipped 0.1% over the previous month in July, contrasting June’s 0.6% jump.
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Poland: Business sentiment recovers further ground but remains pessimistic in July
July 23, 2020
Manufacturing-sector business confidence recovered some additional ground in July, although it remained deeply entrenched in pessimist terrain.
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Poland: Retail sales fall at softer pace in June
July 22, 2020
Retail sales fell 1.9% year-on-year in June (May: -8.6% yoy).
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Poland: Industrial production surprises on the upside in June
July 20, 2020
Industrial output rose 0.5% year-on-year in June, contrasting the 17.0% collapse recorded in May and beating market expectations of a 6.95 contraction.
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