This is higher than the long term average of 3.90%. In july prices were up 4.5%. 13, 2022, 06:16 AM (RTTNews) - Poland's consumer price inflation increased more than estimated in April, final data from Statistics Poland showed on Friday. The publication wprost reports this on friday, september 30, with reference to the main. We still have growth in inflation, it is not slowing down there are broad price pressures and that is the main argument (for raising rates), said Jakub Szczepaniec, an economist at Alior Bank, which is forecasting a 25-basis-point hike. Following link provides you with an overview of current inflation by country (CPI) . Please enable it. May. EUR. The Poland credit rating is A-, according to Standard & Poor's agency.. Current 5-Years Credit Default Swap quotation is 151.00 and implied probability of default is 2.52%. Latest Updates The annual inflation rate in Poland accelerated. These values can be useful for long-term analysis and forecasting. By Wojciech Kosc in Warsaw October 14, 2022. 1. The dollar had an average inflation rate of 2.50% per. According to the Eurostat methodology, in June 2020 inflation in Poland amounted to 3.8 percent and was the highest in the European Union. 3M. The table of historical inflation rates displays annual rates from 1914 to 2022. Within one percentage of the up or down tolerance. Poland inflation rate for 2020 was 3.37%, a 1.15% increase from 2019. Read more. Poland's central bank may raise interest rates on Wednesday in a potentially divisive decision that reflects the tension between persistently high inflation and mounting fears of a sharp. For additional years, see the historical inflation rates. Please check your download folder. Inflation Rate Mom in Poland averaged 1.62 percent from 1989 until 2022, reaching an all time high of 76.70 percent in January of 1990 and a record low of -0.90 percent in July of 1995. Aleja Niepodlegoci 208 00-925 Warsaw. Meanwhile, the trend pointed up, with annual average inflation coming in at 11.9% in September (August: 11.0%). Lastly, core inflation ticked up to 9.3% in July, from June's 9.1%. The index is a measure of the average price which consumers spend on a market-based "basket" of goods and services. WARSAW Polands central bank is expected to raise its main interest rate by 25 basis points to 7.00% on Wednesday, a Reuters poll showed, as analysts bet that forecasts of rising inflation will outweigh fears over slowing growth. (RTTNews) - Poland's consumer price inflation accelerated as initially estimated in August, latest figures from Statistics Poland showed on Thursday. Poland inflation rate for 2017 was 2.08%, a 2.74% increase from 2016. Eight expected no change and two expected a fifty-basis-point hike. July's figure marked the highest inflation rate since March 1997. You can click or tap the tables headers to sort the information. This means that the level of price increases in Poland next year will be the highest in the entire European Union. Those expecting rates to stay on hold point to the risks of a dramatic slowdown in growth next year, fears that were fuelled by an interview with NBP Deputy Head Marta Kightley, who said that the banks November projections for growth would be lower than in the last set of forecasts. Borys sees the high wage growth rate as the main risk factor for inflation, adding that the government should push further to balance the current account given the pressure on the PLN, according to PAP. The graph above displays annual inflation rates in Poland for calendar years from 1990 to 2021. The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). Szczepaniec also pointed to the weak zloty currency and policy tightening by major central. . Stats BLS data was last updated on Oct. 13 and covers up to September 2022. The solutions are designed to bring down the VAT rates for the specified goods. License : CC BY-4.0. This means that today's prices are 6,799.54 times higher than average prices since 1971, according to the OECD and the World Bank consumer price index for Poland. The inflation rate will rise for most of the next year. The highest level of inflation was recorded in the. The Polish central bank's dovish monetary policy stance is becoming increasingly at odds with the severity of inflation pressures and this reinforces our long-held view that inflation won't return to the central bank's target until 2025 at the earliest. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values. Inflation Rates by country if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'inflationtool_com-medrectangle-1','ezslot_1',118,'0','0'])};__ez_fad_position('div-gpt-ad-inflationtool_com-medrectangle-1-0'). The reductions are time limited. Sep. 15, 2022, 05:47 AM. The XM Research Desk, manned by market expert professionals, provides live daily updates on all the major events of the global markets in the form of market reviews, forex news, technical analysis, investment topics, daily outlook and daily vidoes. Inflation Poland 2021 (CPI) - The inflation chart and table below feature an overview of the Polish inflation in 2021: CPI Poland 2021. Poland's core inflation rate decreased to 3.5 by -12.5% on June 2021 from 4.0 in the previous month. The current inflation rate compared to last year is now 17.25%. Retail sales expanded 21.9% year on year in September (August: +21.5% yoy). Inflation in Poland was 17.9% in October, according to a flash estimate from the statistics office. Historic inflation Poland: extensive info, For more information and our disclaimer, click here, Current inflation by country - CPI inflation, Current harmonised inflation by country - HICP inflation. Poland inflation rate for 2020 was 3.37%, a 1.15% increase from 2019. WARSAW (Reuters) - Poland's central bank left its main interest rate unchanged at 6.75% on Wednesday, it said. Poland inflation rate for 2019 was 2.23%, a 0.41% increase from 2018. Aleja Niepodlegoci 208 00-925 Warsaw. The Laspeyres formula is generally used. Country News; At a Glance; Country Data; See All Documents; Country News At a Glance 2022 Projected Real GDP (% Change) : 3.8; 2022 Projected Consumer Prices (% Change): 13.8; Country Population: 37.654 million; Date of Membership: June 12, 1986; Article IV/Country Report: February 24, 2022 . Poland: Retail sales growth picks up pace in September. The value of each month indicates the rolling average inflation rate for the last 12 months. The index is a measure of the average price which consumers spend on a for European countries market-based "basket" of goods and services and is published by Eurostat to compare inflation in European countries. In the opinion of the economist, inflation in Poland He may return to the NBP target only in 2025, although - he asserts - this is an optimistic scenario. Poland's central bank is expected to raise its main interest rate by 25 basis points to 7.00% on Wednesday, a Reuters poll showed, as analysts bet that forecasts of rising inflation will outweigh . Telephone Exchange: +48 22 608 30 00 According to the bank's forcasts, inflation will be in a range of 2.1-4.9% in 2025. Inflation in Poland will only return to a level within or close to the central . ET. It is a fresh-record high since August 1996, preliminary estimates showed. The Laspeyres formula is generally used. A potential slowdown in Polish CPI is contingent on the labour market, according to the head of state fund development Borys. Poland - Inflation Inflation comes in at highest level since February 1997 in September Inflation came in at 17.2% in September, up from August's 16.1%. Statistics Poland. Nonetheless, the weakening of growth momentum and a gradual decline in global supply chain pressures and energy prices will likely lead to a decrease in inflation towards the end of the forecast horizon. Record inflation in Europe: How does each country compare? Central Bank Rate is 6.75% (last modification in September 2022).. This statistic shows the average inflation rate in Poland up until 2024. AI helped write this article. What is the inflation rate in Poland? The inflation rate in 1971 was 1.10%. At its 5 October meeting, the National Bank of Poland (NBP) kept the key reference rate unchanged at 6.75%. Though Poland inflation rate fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at 3.4 % in 2020. The table below contains annual inflation rates in Poland from 1990. Content 30. Read also: Senate Poland recognized the Russian authorities as a terrorist . For 2021, an inflation rate of 5.1% was calculated. Costs in 2024 are now seen at EUR6.0 billion, rather than EUR5.4 billion, due to higher . The next inflation update is set to happen on Nov. 10. The current inflation rate in Poland is 16.10%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in August 2022. The National bank of Poland (NBP) surprised markets in October by leaving its main rate on hold at 6.75%, but Governor Adam Glapinski said the decision did not mark the end of the tightening cycle and that further decisions would depend on data. Kotecki said he expects inflation to rise above 20% next year and that he would be surprised if the Polish central bank's main interest rate remained at the current rate of 6.75% if that. During the observation period from 1971 to 2021, the average inflation rate was 29.4% per year. Inflation in Poland was 17.9% in October, according to a flash estimate from the statistics office. October 5, 2022. Communication, Restaurants and Hotels, Household Equipment and Education account for the remaining 17 percent of total weight. The reading confirms GUS's flash estimate published earlier this month and indicates that Poland's . The following table contains YoY (year-over-year) inflation rates calculated from monthly CPI data publications. Consumer Price Inflation In Poland Amounted To 4.8% In May. The 'Inflation %' column indicates how much prices have changed since the previous year. Please enable it. Polish CPI growth came in at 17.2% y/y in September ( chart ), picking up sharply by 1.1pp versus August, the statistical office GUS said on October 14. The Poland 10Y Government Bond has a 7.973% yield.. 10 Years vs 2 Years bond spread is -8.9 bp. This website contains current data about inflation. When we talk about the rate of inflation in Poland, this often refers to the rate of inflation based on the consumer price index, or CPI for short. Why isnt it for sale yet? On a year on year basis Poland's core inflation rate decreased by -14.63%. Most recent CPI Poland (inflation figure) 17.254 %. Topics / Prices, Trade / Price indices . Inflation is the rate at which the average price level of selected goods and services in. Poland's core inflation rate trend is down since the current value of 3.5 is lower than the 12 month moving average of 3.975. and the 12 month moving average slope . For the current inflation in Poland (CPI), click here. By Adam Antoniak of ING Economics. Of 21 analysts polled by Reuters, 11 expected the main rate to rise by 25 basis points. More news With the galloping inflation and record interest rate (although this month surprisingly unchanged at 6.75%), Poles struggle with increased prices of energy. MoM measures are more volatile than YoY because they are influenced by short term events such changes in the monetary policy, stock market crashes or natural disasters. Historical Annual Inflation Rates from 1990 The table below contains annual inflation rates in Poland from 1990. The bank kept its main interest rate steady at 6.75%. This website requires JavaScript to run properly. Poland's CPI inflation rate has been rising steadily since 2018. Specifically in Poland economic growth will still be above EU average rate and will reach the level of 3.7 % while in 2023 is forecasted to growth at 3% rate. Poland Inflation Rate is at 14.20%, compared to 12.80% last month and 4.10% last year. This information is particularly useful to track inflation for the current year as it's not possible to calculate the final value until the year is over. Meanwhile, the trend pointed up, with annual average inflation coming in at 10.1% in July (June: 9.2%). Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at . The graph above shows the annual inflation rates in Poland for the previous 10 calendar years, from 2012. All of the bank's other interest rates remained unchanged. The Polish CPI shows the change in prices of a standard package of goods and services which Polish households purchase . The company said it had agreed around 8,350 job reductions, with another 1,100 to come in coming quarters. Poland inflation rate for 2019 was 2.23%, a 0.41% increase from 2018. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Long-term bond yields have already risen sharply in recent months and we think that interest rates will need to stay high well into 2023 . The reading confirms GUS's flash estimate. on the first row indicates that between 2016 and 2021, the average inflation rate was 2.90%. POLAND. +0.23 +2.49%. Overall, the price increase was 588,889.80%. In turn, in Cyprus, Greece, Estonia and Latvia, prices were lower than a year ago. Published: Nov. 3, 2022 at 3:12 a.m. To calculate cumulative rates between two different periods, you can use the Poland Inflation Calculator. Monday, October 31, 2022 7:45 AM EDT. Annual growth rate (%) 2021 Poland (red) Net national income Indicator: 28 711 Total US dollars/capita 2020 Poland US dollars/capita: Total US dollars/capita 2001-2020 Poland (red), OECD - Total (black) Total US dollars/capita 2020 Poland (red) Trade in goods and services Indicator: 57.9 Exports % of GDP 2021 Poland % of GDP: Exports % of GDP To calculate cumulative rates between two different periods, you can use the Poland Inflation Calculator. source: National Bank of Poland 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Polish inflation accelerated to a 24-year high as Russia's war on Ukraine exacerbated Europe's energy crisis and triggered an wave of refugees that are adding to . Rate Our Music. The graph above displays annual inflation rates in Poland for calendar years from 1990 to 2021. Statistical Information Centre open: The table below contains annual inflation rates in Poland from 1990. Poland Inflation Rate Rises to 17.9%, Highest since 1996 The annual inflation rate in Poland accelerated to 17.9% in October of 2022 from 17.20% in the previous month and in line with the forecast of 17.95%. To calculate cumulative rates between two different periods, you can use the Poland Inflation Calculator. In Poland, the most important categories in the consumer price index are: Food and non-alcoholic beverages (25 . In 2021, prices of goods and services increased by 5.1 percent y/y. Lab-grown meat is full of promise. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Consumer price inflation. Inflation Rate in Poland averaged 8.03 percent from 1992 until 2022, reaching an all time high of 46.50 percent in April of 1992 and a record low of -1.60 percent in February of 2015. , Jul 27, 2022 In 2020, Poland had an inflation rate of 3.4 percent compared to the previous year. ITALY VS ESTONIA VS SPAIN VS POLAND VS PORTUGAL VS GERMANY INFLATION RATE 2022 #shorts The video above exposes the countries with updated data of inflatio. Current inflation Poland (CPI Poland) the inflation is based upon the Polish consumer price index. Read more Historical Annual Inflation Rates from 1990 Complete the weekly music surveys & not only will you shape the sound of Q106, but you'll also have a shot at awesome prizes, including . on the first row indicates that between 2016 and 2021, the average inflation rate was 2.90%. August's figure marked the highest inflation rate since February 1997. Poland's annual inflation rate was confirmed at 17.2 percent in September 2022, the highest since September 1996 and well above the central bank's mid-point target of 2.5 percent. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. The year-on-year growth in both the CPI and core continue to rise. In order to be able to show this data, we make use of a large number of sources of information that we believe to be reliable. The 5-year and 10-year columns display the rolling average of the yearly inflation. Consumer inflation rose by 17.9% year-on-year in October (flash) from 17.2% YoY in September. This is higher than the long term average of 3.62%. In 2020, inflation rate for Poland was 3.4 %. Rate-setters will see the NBPs latest economic forecasts at their meeting on Wednesday. The Polish Zloty has lost 99.985% of its value since 1972 Updated: October 13, 2022. z100 in 1972 is equivalent in purchasing power to about z680,627.54 today, an increase of z680,527.54 over 50 years.. As is known, a similar level of inflation in Poland was observed in January 1997 - 17.8%. This website requires JavaScript to run properly. CPI inflation Poland september 2022: 17.25 % More CPI inflation rates Current inflation Poland: extensive info Historic inflation Poland: extensive info Overview of current inflation by country HICP inflation Poland august 2022: 14.76 % More HICP inflation rates Current inflation Poland: extensive info Historic inflation Poland: extensive info (Bloomberg) -- Poland left interest rates unchanged for a second straight month and said the "significant" scale of monetary tightening to date should help rein in inflation from the fastest. Poland Inflation Rate : 15.57 (As of 2022-06-01) Annual inflation is the rate of increase in prices over a year. Please see below the list of reductions in VAT rates: As from 1 st February 2022 to 31 st July 2022: fuels: reduction of VAT rate from 23% to 8%, Electricity: reduction the VAT rate from 23% to 5% (as from 1 st January 2022), However, taking into account the recent comments pointing at a high probability of a significant downward revision in GDP growth we assume that the MPC will be hesitant to continue with tightening., This content is not available in your region, Polish central bank seen hiking rates by 25 bps despite slowdown fears - Reuters poll, Game over: The VR headset designed to kill you if you die in a game. WARSAW (Reuters) - Inflation in Poland will only return to a level within or close to the central bank's target range in 2025, it said on Wednesday after it left its main interest rate on hold amid worries about slowing growth. All of the bank's other interest rates remained unchanged. The Consumer Price Index in Poland increased 0.50 percent in July of 2022 over the previous month. These values can be useful for long-term analysis and forecasting. The current inflation rate in Poland is 17.20%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2022. This table contains MoM (Month-over-Month) inflation rates calculated from official CPI data publications. WARSAW (Reuters) - Inflation in Poland may return to the target range of 1.5-2.5% in 2025, according to the latest economic forecasts from the central bank published on Wednesday. A . Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Telephone Exchange: +48 22 608 30 00. The 5-year and 10-year columns display the rolling average of the yearly inflation. For comparison, in Hungary it was 2.9 percent, in the Czech Republic 3.4 percent, and in Romania 2.2 percent. Poland Inflation Rate: Excluding Energy, Food, Alcohol, and Tobacco is at 11.50%, compared to 10.70% last month and 4.50% last year. Annual inflation in 2021 amounted to 5.1 percent. Office Hours: 8:15 - 16:15. The figure came in line with market forecasts. Poland inflation rate for 2020 was 3.37%, a 1.15% increase from 2019. Poland: broad-based and persistently high inflation likely to continue The final reading has confirmed the flash estimate of September inflation at 17.2%. Inflation in Poland will only return to a level within or close to the central bank's target range in 2025, it said on Wednesday after it left its main interest rate on hold amid worries about slowing growth.The bank kept its main interest rate steady at 6.75%. 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