Poland’s core inflation, excluding the prices of food and energy, measured 8.5% YoY in May, up from 7.7% in April, the National Bank of Poland (NBP) said. Core inflation, excluding fixed prices, amounted to 14% in May, up from 12.2% in the previous month. Core inflation, excluding the most volatile priced items, measured 10.4% in…
Employment in the Polish national economy grew by 1.6% YoY, to 15 million in 2021, the Central Statistical Office (GUS) said. The largest increase was reported in the information and communication sectors, where a 7.2% rise was reported, while the largest drop was recorded in the mining sector (-2.6%) as well as in finance and…
Poland’s Harmonised Index of Consumer Prices (HICP) rose to 12.8% YoY in May, against an 11.4% growth in the previous month, Eurostat, the European Union’s statistics office, reported. Month on month, prices increased by 1.6%, Eurostat data showed. HICP is calculated according to uniform Eurostat methodology. According to Poland’s Central Statistical Office (GUS), the prices…
An increased demand for Polish goods and services was the main growth engine for Poland’s exports in April, according to a government think-tank expert. The National Bank of Poland’s balance of payments data showed that Poland’s exports reached a record high value of PLN 123.4 billion (EUR 26.25 billion) in April. Konrad Bochniarz, an economist…
The National Bank of Poland (NBP) paid out PLN 10.4 billion (EUR 2.22 billion), or 95% of its annual profit in 2021, into the state budget, the NBP said in a news release on June 15. In 2021, the NBP paid PLN 8.9 billion (EUR 1.9 billion) into the state budget. “On June 15, the…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in May, the Central Statistical Office (GUS) reported on June 15. GUS thus confirmed its earlier flash estimate for both annual and monthly CPI readings in May. In April, the prices of consumer goods and services increased…
Poland’s economic growth will weaken to 3.2% in 2023 from 3.8% expected this year, while inflation will ease from this year’s 9.1% to 7.8% in 2023, the government has assumed in budget guidelines. “Short-term prospects for the Polish economy are highly uncertain owing to the geopolitical situation (Russia’s aggression against Ukraine), turbulence in global production…