Poland: retail sales up in December 2022

Poland’s retail sales increased in real terms by 0.2% YoY and by 13.1% MoM in December 2022, the Central Statistical Office said on January 23. Economists polled by PAP expected December 2022 retail sales to grow in real terms by 1.4% YoY and by 15% MoM. In current prices, retail sales increased by 15.5% YoY…

Poland: core inflation up in December 2022

Poland’s core inflation, which excluded the prices of food and energy, measured 11.5% YoY in December 2022, up from 11.4% in November 2022, the National Bank of Poland (NBP) said on January 16. Inflation excluding fixed prices amounted to 17.1% YoY in December 2022, down from 18.1% in the previous month. Inflation excluding the most…

Poland: more rate hikes unlikely

Poland’s rate-setting Monetary Policy Council (RPP) is unlikely to increase interest rates again, as the hikes so far have had sufficient effect, an RPP member has said. But Gabriela Maslowska added that a further increase could not be ruled out. In a recent hiking cycle, the RPP raised interest rates 11 times but suspended rate…

Poland: CPI up in December 2022

Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.6% YoY and by 0.1% MoM in December 2022, the Central Statistical Office (GUS) reported on January 13. In a flash estimate, GUS said that December 2022 CPI would reach 16.6% YoY and 0.2% MoM. In November 2022, the prices of consumer goods…