Inflation in Poland
Poland - Inflation (end of period)
Inflation at six-month low on plunging fuel prices in May
Consumer prices fell 0.2% over the previous month in May, following April’s 0.1% dip, according to provisional data released by the Poland’s Statistical Institute (GUS). Slumping prices for fuels for private means of transport more than offset higher prices for food and non-alcoholic beverages. Core consumer prices in April (the latest month for which data is available) spiked 0.8% in month-on-month terms, up from March’s 0.5% jump.
Inflation fell from 3.4% in April to 2.9% in May, and thus moved further below the upper bound 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 3.6% in April for the third consecutive month, which represents the highest print since April 2002.
All told, annual average inflation inched up from April’s 3.2% to 3.3% in May, the highest reading since February 2013.
Poland - Inflation (eop) Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | -1.0 | -0.5 | 0.8 | 2.1 | 1.1 |
Poland Inflation (eop) 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: Inflation at six-month low on plunging fuel prices in May
May 29, 2020
Consumer prices fell 0.2% over the previous month in May, following April’s 0.1% dip, according to provisional data released by the Poland’s Statistical Institute (GUS).
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Poland: Growth weakens to over-six year low in Q1 but economy shows resilience
May 29, 2020
In the first quarter, the economy grew 2.0% year-on-year in unadjusted terms, according to a second estimate released by Poland’s Statistical Institute (GUS).
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Poland: Central Bank slashes rates to fresh all-time low in May; reaffirms quantitative easing
May 29, 2020
On 28 May, the National Bank of Poland (NBP) slashed the reference rate from 0.50% to a new record low of 0.10%, in a further bid to mitigate the fallout from coronavirus.
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Poland: Retail sales contract at sharpest pace on record in April
May 25, 2020
Retail sales nosedived 22.6% year-on-year in April amid lockdown (March: -7.0% yoy), marking the steepest fall on record.
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Poland: Business sentiment recovers some lost ground but remains abysmal in May
May 25, 2020
Manufacturing-sector business confidence recovered some lost ground in May, although it remained deeply entrenched in pessimist terrain due to measures to contain the spread of Covid-19.
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