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When it comes to the inflation rate, S&P expects it to come in at 5.1 percent next year, before falling to 2.9 percent in 2023. (RTTNews) - Poland's industrial production rose more than expected in November, data from Statistics Poland showed on Monday. This statistic shows the monthly inflation rate for HICP (all items) compared to the same period in the previous year in Poland from January to December 2018. inflation, which is expected to drop in the second half of 2020 and early 2021. The reference rate in Poland will be raised to 3 percent in the first part of next year, assessed by the investment bank, Goldman Sachs. It was the highest inflation rate since December of 2000. The maximum level was 76.7 % and minimum was -0.9 %. Poland - Inflation Rate, Interest Rate, Real Interest Rate, % November forecasts prepared by the National Bank of Poland show that inflation this year will reach 4.9 percent, 5.8 percent in 2022 and 3.6 percent in 2023. At its meeting on 3 November, the National Bank of Poland (NBP) raised the reference rate by 75 basis points to 1.25%, which was a larger hike than expected by market analysts. Poland: Inflation comes in at highest level in over 20 years in October. We forecast headline CPI at 7.8-8.0% YoY . Since the Monetary. The NBP also raised the lombard rate to 1.75%, the rediscount rate to 0.30% and the deposit rate to 0.75%. EM EMEA (Poland, Russia, Saudi Arabia, South Africa, And Turkey) We forecast GDP growth in key EMEA emerging economies to average 3.2% in 2022, broadly unchanged from our September forecast. Ghana Inflation Rate Climbs to Four-Year High, Beating ... Economy | Forecast | Inflation | November 3rd 2021 Russia's promise of more gas unlikely to materialise. Narodowy Bank Polski - Internet Information Service PDF An Update to the Economic Outlook: 2020 to 2030 At 10:03 GMT, the USD/JPY is trading 114.768, down 0.101 or -0.09%. November 15, 2021. Historical Data (%) by years. Latest Updates Poland's annual inflation rate likely jumped to 7.7 percent in November of 2021, from 6.8 percent in the previous month and slightly above market forecasts of 7.4 percent,. Poland Inflation Rate Poland's annual inflation rate climbed to 7.8 percent in November of 2021, above preliminary estimates of 7.7 percent and 6.8 percent in the previous month as prices of transport continued to surge and the zloty depreciated sharply. The work involved in the creation of the projection is coordinated by the Macroeconomic Forecasts Division. , Nov 10, 2021 In 2020, Poland had an inflation rate of 3.4 percent compared to the previous year. That was a year when, for the first time, central banks managed to keep annual CPI rates below 7.5% and the National Bank of Poland was still building its credibility after the inflation shock when the economic transition began. Inflation in Poland, interest rates. Adam Glapinski ... Poland Inflation Rate MoM The Consumer Price Index in Poland increased 1 percent in November of 2021 over the previous month. Mean point estimates (all survey rounds) Survey round. 2 Min Read. The maximum level was 4.5 % and minimum was -0.6 %. Experts presume inflation in Poland should continue to rise, and by the end of 2021 it will be close to 8%. against 4.8 percent in 2021. Separate data showed that producer prices increased in November. On Tuesday, EKF presented an analysis titled "Macroeconomic challenges and forecasts for Poland" based on the assessments of Polish economists, primarily bankers. The. The forint eased 0.29%, reversing early gains, and was trading at 361.90 per euro after data showed headline inflation jumped to an annual 6.5% in October from 5.5% in September, well above forecasts. Our forecast of growth in consumer spending in Poland in 2022 is in line with our Country Risk team's forecast that the Polish economy will grow by a real rate of 5.0% in 2022, from 4.8% in 2021. At its meeting on 3 November, the National Bank of Poland (NBP) raised the reference rate by 75 basis points to 1.25%, which was a larger hike than expected by market analysts. It is quite likely that the NBP may under-deliver with . On Wednesday, the National Bank of Poland informed that the RPP raised the NBP interest . source: National Bank of Poland 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Poland Core Inflation Rate Poland: monthly inflation rate in 2018. Poland Industrial Production, Producer Price Inflation Accelerates. November 15, 2021. NBP also raised its other interest rates, with the Lombard rate now at 1.75 percent, the deposit rate at 0.75 percent, the discount rate at 1.30 percent and the discount rate at 1.35 percent. Polish government announced a package of tax cuts to curb inflation at start of the year. Ghana Inflation Rate Climbs to Four-Year High, Beating Forecasts Ekow Dontoh and Moses Mozart Dzawu , Bloomberg News A vendor serves a customer at a food market in Accra, Republic of Ghana, on Wednesday, Nov. 3, 2021. Inflation in Poland last month was 6.8 per cent on an annual comparison, the highest rate in more than 20 years. Two overviews are being presented: the annual inflation by year for Poland - comparing the december CPI to the december CPI of the year before and Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase. The current forecast of Poland's NBP central bank pegs annual inflation at 4.9 per cent this year, rising to 5.8 per cent in 2022 and inching down to 3.6 per cent the following year. In December 2018, the inflation rate was 0.9 percent compared to the same month in the previous year. Goldman Sachs analysts forecast Poland's inflation rate will rise by 0.5 percentage points to 7.3 percent in November and also predict December's inflation level will be even higher. The acceleration was primarily due to rising prices for food and non-alcoholic beverages. Industrial production grew 15.2 percent annually in November. Inflation Rate in Poland increased by 0.1 % in June 2021 over the previous month. "In Poland, economic activity continues to recover," NBP said, raising its forecast for inflation through 2023 as it continued its steady rise this year . Data. Economists had expected a growth of 8 . So far, the Czech central bank has raised rates by 275bp (from 0.25% to 2.75%), while Hungary has hiked by 150bp (but effectively 230bp) from 0.6% to 2.1% (the deposit rate is even up to 2.9%). We estimate net core inflation at 4.5% YoY, up from 4.2% YoY a month prior. Poland - Interest Rate Central Bank hikes rates again in November. The 75 basis point increase — which was the . That hike - which was widely anticipated but larger than . The last time the country saw inflation higher than 5.0% was 2001. As a result, HICP inflation is expected to average 2.7% y-o-y in 2020 and to reach 2.8% in 2021 as economic activity recovers. This forecast does not include any measures expected to be funded under the Recovery and Resilience Facility, posing a significant upside risk to the growth projections. Forecasting-Inflation-Rate-of-Poland. Finally, core inflation rose to 4.5% in October, from September's 4.2%. This reflects higher prices of fuel, energy and food, but also a record high net inflation rate (4.6% YoY according to our estimates) Stay up to date with all of ING's latest economic and financial analysis. We see average CPI in 2021 at 4.75% year on year and at 4.5% y/y in 2022. October's result marked the highest reading since January. Read more. Inflation measured by consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. Poland Calendar Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. November 12, 2021 Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food and energy. WARSAW, May 19 (Reuters) - Inflation in Poland should decline in the medium term and there is no need to start a cycle of interest rate hikes, central banker Cezary Kochalski said . Our Country Risk team expects domestic demand to a key driver of economic growth, with consumer spending boosted by the release of pent-up demand . November 15, 2021. The preliminary calculation released today by Statistics Poland (GUS), a state agency, is above the market consensus forecast of 7.4%. Unemployment rate dropped by 0.1pp to 5.5% in October. This is due to higher regulated prices, increased prices of services requiring close contact, such as medical and dental, and still strong demand. Inflation of goods' prices matched that of services (also 6.8% YoY in October). HICP Inflation forecasts. We continue to think that the November inflation and growth projection of the National Bank of Poland will be crucial for the interest rate outlook, as it will show a higher inflation trajectory . The country's inflation levels are at their highest in two decades, and among the highest currently in the European Union. Data published Monthly by Eurostat. Contrary to most EU countries, HICP inflation in Poland rose noticeably in 2020 to 3.7%, mainly driven by rising service and food prices. Poland raises interest rates more than expected in response to soaring inflation. Poland: High core inflation rate is a warning. November 15, 2021. Annual average inflation rose to 4.2% in October (September: 3.9%). Poland unveils "anti-inflation shield" . We see one to two hikes by 50 basis points to 2.25-2.75% early next year, then further tightening in the send half with a terminal . Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase. License : CC BY-4.0. CPI inflation (consumer price index) in Poland is expected to increase in 2022 on an annual basis to 4.9%. Poland: GDP growth slows in the third quarter, but remains robust. vs. 5.1% in 2021. Business Insider Polska notes that the latest inflation forecast . The agency, however, raised its 2021 GDP forecast for Poland from the 5.1 percent it predicted in September to 5.2 percent. This notebook aims to develop a forecasting model for time series using Python. Consumer prices rose 0.30% from the previous month in May, moderating from the 0.80% rise logged in April. The inflation rate is based upon the consumer price index (CPI). Inflation is the rate at which the average price level of selected goods and services in an. The statistic shows the inflation rate in Spain from 1986 to 2019, with projections up until 2026. Read more. At today's press conference, NBP Governor Adam Glapiński presented more hawkish rhetoric than in previous months, indicating further interest rate rises. Polish inflation is set to continue to rise in the coming months, approaching 7% by December 2021. Poland: CPI at 7.7% in November on food, energy and fuel. The sharpest increase was in the UK, where the IMF raised its forecast to 2.7% from 1.5%, and although is expected to ease in 2011 due to an expected shift towards higher interest rates, remains . In response, Poland's central bank unexpectedly raised interest rates for the first time in nine years earlier this month, from 0.1% to 0.5%, and more hikes could be on the way. Poland - Interest Rate Central Bank hikes rates again in November. November 12, 2021 This involves inflation based on the CPI (consumer price index) and the HICP (harmonised consumer price index).The CPI is often considered a country's most important inflation figure. October's result marked the highest reading since January. Inflation, consumer prices (annual %) International Monetary Fund, International Financial Statistics and data files. National Bank of Poland kept policy rate unchanged at 0.1% and presented new inflation and growth projection. Poland - Inflation Data Sample Report According to the bank's experts, the Monetary Policy Council (RPP) will focus on reducing inflation in the coming months. Poland: GDP growth slows in the third quarter, but remains robust. WARSAW, Poland (AP) — Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union. The European Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). Recently inflation is a popular topic in Poland and is highest since 2001. Forecasts were made on December 20, 2021 and - as the NBP chief says - "it's only preliminary.". Historical Data (%) by years. ING says it could hit 7% by December. In October 2021, inflation accelerated to 1.0% m-o-m, with annual price growth reaching a 20-year high of 6.8%, marking the eighth consecutive month of above-target inflation and a two-decade high (see chart below). Inflation, as measured by the growth rate of the price index for personal consumption expenditures (PCE), is projected to be 0.4 percent in 2020 and to nearly reach 2.0 percent—the Federal Reserve's long-run objective for inflation—by 2024. The inflation rate is calculated using the price increase of a defined product basket. The acceleration in the November core inflation rate is due to higher price growth in services. The acceleration was primarily due to rising prices for food and non-alcoholic beverages. Poland Core Inflation Rate Core consumer prices in Poland increased 4.70 percent in November of 2021 over the same month in the previous year. Goldman Sachs has raised Poland's 2022 inflation forecast from 3 percent to 3.7 percent, largely due to a sharp increase in wholesale gas and electricity prices, the bank announced on Tuesday. Moreover, a significant fall in oil prices in the first four months of the year is likely to bring energy prices down in 2020. Poland's central bank has sharply raised interest rates in a renewed effort to clamp down on a surge in inflation in the EU's fifth-biggest state. Inflation in Poland was 7.7% in November, according to a flash estimate from the statistics office, and the government has announced an 'Anti-inflation shield' of tax cuts and cash handouts to. After not raising interest rates for nine years, the National Bank of Poland (NBP) has done so for the second month in a row, bringing its key rate up by three quarters of a percentage point to 1.25%. Current. Poland Calendar - was last updated on Monday, November 22, 2021. The annual inflation rate rose to 5.8% in September, the highest in two decades, while economists have predicted that it is likely to […] In terms of the threats to the economic situation in Poland in the perspective to 2023, the experts indicated that "persistent inflation" posed the greatest risk. Data. 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