Inflation in Poland

Poland Inflation | Economic News & Forecasts

Poland - Inflation

Inflation eases further in October

Consumer prices increased 0.2% over the previous month in October, following September’s flat print, according to data released by the Poland’s Statistical Institute (GUS). The reading largely reflected higher prices for garments and footwear more than offsetting lower prices for fuels and motor cars. Core consumer prices in September (the latest month for which data is available) rose 0.2% in month-on-month terms, matching August’s uptick.

Inflation dipped to 2.5% in October from 2.6% in September, marking the slowest increase in five months, and thus landed on 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 2.4% in September, up from August’s 2.2% and the highest reading since April 2012.

All told, annual average inflation inched up from September’s 1.9% to 2.0%, the fastest pace in over six years.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2020, which is unchanged from last month’s projection. For 2021, the panel sees inflation averaging 2.4%.

Poland - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)0.9  0.0  -0.9  -0.6  2.0  

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Poland Inflation Chart

Poland Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Statistics Office.

Poland Facts

Bond Yield1.89-0.30 %Sep 04
Exchange Rate3.93-0.53 %Sep 04
Stock Market56,176-1.13 %Sep 04

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