Inflation is expected to grow in H1 2019

The majority of Monetary Policy Council members estimated that inflation in H1 2019 will increase, but will be close to the inflation target (2.5 percent y/y +/- 1 percentage point), according to “minutes” from the meeting published by the National Bank of Poland (NBP).

CPI inflation at 1.9% y/y in September – GUS

The Consumer Price Index came in at 1.9 percent y/y in September, and at 0.2 percent in month-on-month terms. In a flash estimate published by statistics office GUS, the inflation stood at 1.8 percent y/y and 0.2 m/m. Analysts polled by the Polish Press Agency PAP expected consumer prices to increas...

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 Inflation should remain close to NBP target – Glapiński

The head of National Bank of Poland (NBP) Adam Glapiński said that inflation forecast indicates that it will remain close to the NBP target of 2.5 percent. Glapiński also stated that the economic outlook for the following quarters is favorable. According to the March outlook, average annual inflatio...

Locked content GUS: Inflation expected below 1.5% at end of 2018

Consumer inflation in May was at 1.7 percent y/y, in line with the expectations of Polish Central Statistical Office (GUS). In the following months, it may be even higher, exceeding 2 percent y/y.  But at the end of the year it may be below 1.5 percent y/y, analysts said. The main reasons for inflat...

Fitch: economic growth to taper off in 2020

Ratings agency Fitch expects Poland’s economic growth to slow down to 2.9 percent in 2020, from 3.4 percent in 2019 and 4.4 percent in 2018, the agency stated. The agency raised its projections for inflation in 2018-2019 to 2.5 percent at the end of this year (from a previous forecast of 2.3 percent...

Locked content Inflation in Q2 is seen at 1.7% y/y

In Q2 2018 the inflation may amount to 1.7 percent on the annual basis, the Ministry of Finance estimated. The risk for economic growth may come from the situation at the main export markets for Poland, which have recorded a slowdown of economic activity in Q1. A higher inflation in Q2 compared to Q...

Locked content EC report: Poland’s labor market strongest ever

Poland’s labor market situation is the best in its recent history, public debt will continue to decrease (to 49.1 percent of GDP in 2019) and budget deficit should stabilize at 1.4 percent of GDP next year, according to the recently publish report prepared by the European Commission for 27 EU countr...

Locked content 44% of companies to increase prices

As many as 44 percent of companies are planning on increasing prices for their products over the next 12 months, according to a study conducted by Grant Thornton. “This is bad news for the Polish inflation,” the report stated. Higher GDP growth, increasing employment and salaries across most industr...