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Selected tag: inflation
2 months ago
Poland's CPI slowed down, but only due to statistical effect
The preliminary estimate of national CPI inflation for November indicates a decline to 4.6% year-on-year. The reading aligns with market expectations. The reduction in inflation was driven by the high base effect from last year, particularly in fuel prices. However, core inflation remains elevated. By the end of 2024, inflation is expected to be close to 5% year-on-year, with an annual average of 3.7%.
3 months ago
A high five to Poland inflation rate
The preliminary estimate of national CPI inflation for October showed a slight increase to 5.0% year-on-year, in line with market expectations. Core inflation, meanwhile, edged down slightly to around 4.1–4.2% year-on-year. The inflationary trends observed in recent months have persisted. We anticipate ending 2024 with inflation close to 5% year-on-year.
4 months ago
Hawkish spring, dovish autumn
Macro Compass October 2024 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets
4 months ago
Strong but expected jump in Poland CPI in September
The preliminary estimate of national CPI inflation for September showed a significant but anticipated jump to 4.9% year-on-year. This was primarily due to a low base effect, but the current inflation momentum is slowly picking up, which will complicate the Monetary Policy Council's decision to begin a rate-cutting cycle.
4 months ago
CPI in line with expectations, but core inflation does not ease its grip
In the final reading, the Central Statistical Office confirmed the national consumer inflation for August at the level of the preliminary estimate, i.e., 4.3% year-on-year. This represents a slight acceleration compared to July (4.2% year-on-year). What interesting details did we observe in today’s release?
5 months ago
Mirage of cutting interest rates in Poland
Macro Compass September 2024 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets