Inflation in Poland
Poland - Inflation
Inflation hits two-month high in January
Consumer prices increased 1.20% in January over the previous month, picking up from December's 0.10% rise, according to a preliminary reading. January's figure marked the sharpest increase in prices since January 2011 and largely reflected higher dwelling prices.
Inflation inched up to 2.7% in January, from December’s 2.4%, marking the highest inflation rate since November 2020. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.3% in January (December: 3.4%).
FocusEconomics panelists project inflation to average 2.4% in 2021, which is unchanged from last month’s forecast, and 2.4% in 2022.
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: Business confidence improves in February, but remains pessimistic
February 23, 2021
Business confidence rose to minus 8.3 in February from January's minus 9.9.
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Poland: Industrial output records slowest expansion since June 2020 in January
February 18, 2021
Industrial output expanded 0.9% year-on-year in January (December: +11.1% yoy), marking the weakest expansion since June 2020.
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Poland: Inflation hits two-month high in January
February 15, 2021
Consumer prices increased 1.20% in January over the previous month, picking up from December's 0.10% rise, according to a preliminary reading.
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Poland: GDP slides at steeper pace in Q4
February 12, 2021
According to a preliminary reading, the economy shrank at a steeper rate in the final quarter of 2020, with GDP decreasing 2.8% year-on-year, below the 1.5% contraction tallied in the third quarter.
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Poland: Central Bank keeps rates unchanged in February
February 3, 2021
At its meeting on 3 February, the National Bank of Poland (NBP) once again decided to maintain the reference rate at its historic low of 0.10%.
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