Locked content CPI inflation at 2% y/y in July – GUS flash estimate

Prices of consumer goods and services increased in July 2018 by 2 percent year-on-year and decreased by 0.1 percent compared to June levels, statistics office GUS informed in a flash estimate. In June, the readings were also +2.0 percent y/y and -0.1 percent m/m. In July, prices for foods and non-al...

Locked content CPI inflation at 1.6% y/y in April – GUS

The Consumer Price Index came in at 1.6 percent y/y in April, and at 0.5 percent in month-on-month terms, according to a flash estimate published by statistics office GUS. Analysts polled by PAP expected consumer prices to increase by 1.5 percent y/y and 0.4 percent m/m. In March CPI inflation stood...

Locked content Inflation still low – GUS

The Central Statistical Office of Poland (GUS) stated in a press release on Friday that consumer inflation was 0.8 percent, in annual terms, in December. This was a slight increase over the previous month, as the rate was 0.0 percent in November. Compared to the previous month, the prices of goods a...

NBP: Inflation to remain low

Poland’s National Bank (NBP) said that the rate of inflation, based on the consumer price index (CPI), will continue to be at a lower level than had been targeted earlier in the year. The projection expected “only a gradual increase” in inflation, citing the lower-than-expected increase in GDP and l...

Locked content HICP inflation at -0.5% in August – Eurostat

The harmonized index of consumer prices for Poland stood at -0.5 percent year-on-year in August, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices declined by 0.2 percent. Throughout the EU, the rate amounted to -0.3 percent year-on-year. CPI inflatio...

Locked content Development Ministry downgrades Polish GDP forecast

The Ministry of Development has lowered a GDP growth forecast for 2016 from 3.5 percent to 3.4 percent and held a CPI inflation forecast at -0.5 percent. The whole year consumption should stand at 4.1 percent (correction from 3.9 percent) and investment will grow by 1.1 percent (correction from 1.5 ...

Locked content NBP revises its GDP and inflation forecast downward

According to the Central bank NBP, Poland is expected to record lower GDP growth and lower inflation than seen back in March. NBP forecasts Poland’s GDP to grow by 3.2 percent this year, accelerate slightly to 3.5 percent in 2017 and grow by 3.3 percent in 2018. After Q1 GDP growth slowdown, G...

Deflation remains at 0.6%

The consumer price index in Poland remained in the negative in November and amounted to -0.6 percent year-on-year, according to data published by the Central Statistical Office on Monday. In month-on-month terms prices declined by 0.2 percent.

Deflation deepens in October

Consumer prices in Poland declined by 0.6 percent in October, according to CPI data published by the Central Statistical Office on Thursday. In month-on-month terms prices did not change.