Inflation in Poland
Poland - Inflation
Inflation edges up in May
Consumer prices ticked up 0.2% month-on-month in May, following April’s 1.1% jump, according to data released by the Poland’s Statistical Institute (GUS). The strongest price increases were recorded for food and non-alcoholic beverages, and fuels for personal transport equipment. Core consumer prices in April (the latest month for which data is available) rose 1.0% in month-on-month terms, above March’s 0.4% rise.
Inflation edged up to 2.4% in May from 2.2% in April, marking the fastest increase in one-and-a-half years but nonetheless remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. Price rises were particularly strong for food and services. For its part, core inflation in April increased to an over six-year high of 1.7% (March: 1.4%).
All told, annual average inflation inched up to 1.7% in May from April’s 1.6%.
Met the why particular 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
|Inflation Rate (CPI, annual variation in %)||0.9||0.0||-0.9||-0.6||2.0|
5 years of economic forecasts for more than 30 economic indicators.
Poland Inflation Chart
Source: Central Statistics Office.
|Bond Yield||2.11||-0.30 %||Jun 14|
|Exchange Rate||3.80||-0.53 %||Jun 14|
|Stock Market||59,092||-1.13 %||Jun 14|
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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.
June 14, 2019
Consumer prices ticked up 0.2% month-on-month in May, following April’s 1.1% jump, according to data released by the Poland’s Statistical Institute (GUS).
June 5, 2019
According to data released by the Central Statistical Office (GUS), consumer prices ticked up 0.2% month-on-month in May, following April’s 1.1% jump.
June 5, 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 4–5 June monetary policy meeting.
June 3, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, edged down to 48.8 points in May (April: 49.0 points).
May 31, 2019
Poland’s economy grew 4.7% year-on-year in unadjusted terms in the first quarter of this year, supported by strong domestic demand, according to a revised estimate released by the Statistical Institute (GUS) on 31 May.