Inflation in Poland
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 |
Poland Inflation Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.89 | -0.30 % | Sep 04 |
| Exchange Rate | 3.93 | -0.53 % | Sep 04 |
| Stock Market | 56,176 | -1.13 % | Sep 04 |
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Economic News
Poland: Inflation eases further in October
November 14, 2019
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).
Poland: Growth eases to near three-year low in Q3 but remains upbeat nonetheless
November 14, 2019
The economy grew 3.9% year-on-year (yoy) in the third quarter, marking the weakest expansion since Q4 2016, according to a preliminary estimate released by the Statistical Institute (GUS) on 14 November.
Poland: Inflation eases further in October
November 6, 2019
Consumer prices rose 0.2% over the previous month in October, following September’s flat reading, according to provisional data released by the Poland’s Statistical Institute (GUS).
Poland: Central Bank holds its ground in November
November 6, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 5–6 November monetary policy meeting, as had been widely expected.
Poland: Manufacturing sector dives at sharpest pace since mid-2009 in October
November 4, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, slumped to 45.6 points in October (September: 47.8 points), marking the worst reading since June 2009.
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