Inflation in Poland
Poland - Inflation
Inflation jumps in April
According to data released by the Central Statistical Office (GUS), consumer prices jumped 1.1% month-on-month in April, following March’s 0.3% rise. The strongest price increases were recorded for clothing and footwear, transport, and food non-alcoholic beverages—notably meat. Core consumer prices in March (the latest month for which data is available) rose 0.4% in month-on-month terms, above February’s 0.2% rise.
Inflation soared to 2.2% in April from 1.7% in March, marking the fastest increase but nonetheless remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. Higher prices for transport, restaurant and hotels, and food and non-alcoholic beverages were mainly behind the reading. For its part, core inflation in March increased to an over five-year high of 1.4% (February: 1.0%).
All told, annual average inflation inched was stable at March’s 1.6% in April.
Poland Inflation Forecast
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 | 2.85 | -0.30 % | May 13 |
| Exchange Rate | 3.84 | -0.53 % | May 13 |
| Stock Market | 56,389 | -1.13 % | May 13 |
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Economic News
Poland: Inflation jumps in April
May 15, 2019
According to data released by the Central Statistical Office (GUS), consumer prices jumped 1.1% month-on-month in April, following March’s 0.3% rise.
Poland: Solid momentum maintained in Q1 2019
May 15, 2019
Poland’s economy grew 4.6% year-on-year in unadjusted terms in the first quarter of this year, according to a preliminary estimate released by the Statistical Office (GUS) on 15 May.
Poland: Central Bank stays put at May meeting
May 15, 2019
As widely expected by market analysts, the National Bank of Poland (NBP) kept the reference rate unchanged at a record-low of 1.50% at its 14–15 May monetary policy meeting.
Poland: Manufacturing sector contracts at a softer pace in April
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, increased to 49.0 points in April (March: 48.7 points).
Poland: Inflation rises further in April
April 30, 2019
A preliminary estimate released by the Central Statistical Office (GUS) revealed that consumer prices jumped 1.1% over the previous month in April (March: +0.3% month-on-month).
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