Inflation in Poland
Poland - Inflation (end of period)
Inflation inches down in October
Consumer prices increased 0.5% in October, following September’s 0.4% rise and marking the fastest increase in 10 months. September’s result was driven by an increase in the prices of clothing and footwear—due to the launch of new autumn collections—, transport, and gas, electricity and other fuels, which more than offset lower prices for recreation and culture.
Inflation came in at 2.1% in October, ticking down from September’s 2.2% reading and within the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Moreover, annual average inflation rose to an over four-year high of 1.7% from 1.5% a month earlier.
Core consumer prices grew by 0.3% over the previous month, up from September’s 0.1% rise. Nevertheless, core inflation edged down to 0.8% from 1.0% a month earlier.
FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2018, which is down 0.1 percentage points from last month’s projection. In 2019, the panel expects inflation to average 2.4%.
Poland - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||2.4||0.7||-1.0||-0.5||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Poland Inflation (eop) Chart
Source: Central Statistics Office.
|Bond Yield||3.41||-0.30 %||Nov 17|
|Exchange Rate||3.59||-0.53 %||Nov 17|
|Stock Market||63,047||-1.13 %||Nov 17|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 20, 2017
According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion.
November 17, 2017
Consumer prices increased 0.5% in October, following September’s 0.4% rise and marking the fastest increase in 10 months.
November 14, 2017
The Polish economy sped up in Q3.
November 9, 2017
The National Bank of Poland (NBP) kept the reference rate unchanged at a record-low 1.50% at its 7–8 November monetary policy meeting, in line with market expectations.
November 2, 2017
According to IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.4 in October from 53.7 a month earlier, remaining well above the 50-point threshold that distinguishes expansion from contraction in the manufacturing sector—where it has been for just over three years, the longest expansionary sequence since the survey started in June 1998. October’ strong print was underpinned by expansions in new orders and output, with the former matching September’s 31-month record growth rate and the latter easing only marginally from the previous month’s print.