poland inflation forecast 2020

It is also well above the Polish central bank’s inflation target of 2.5%. Real GDP is projected to fall by 8.0% in 2020 and to rebound by 5.0% in 2021 and by 3.2% in 2022. Inflation Rate in Poland averaged 8.08 percent from 1992 until 2020, 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. We have already included space for this in our fiscal forecast. The main reason behind the upward revision of inflation is higher core inflation in 2020 … On Sept. 16, 2020, the FOMC announced it would keep the benchmark rate at its current level until inflation reached 2.0% over a long period of time. 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 specified intervals, such as yearly. Poland: Inflation ticks down in October. Im Jahr 2020 sind die Reallöhne in Polen geschätzt um rund 1,2 Prozent gegenüber dem Vorjahr gestiegen. Communication, Restaurants and Hotels, Household Equipment and Education account for the remaining 17 percent of total weight. Konsens-Meinung ist ein Anstieg der Inflation in 2020 und 2021. A second reading showed that GDP slid at a more moderate pace of 1.5% year-on-year in the third quarter (previously reported: -1.6% yoy), contrasting the 8.4% contraction logged in the second quarter. It is the highest rate in three months as prices rose faster for housing and utilities (7.3 percent vs 7.2 percent) and recreation and culture (3.6 percent vs 2.2 percent). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In Poland, the most important categories in the consumer price index are: Food and non-alcoholic beverages (24 percent of the total weight); Housing energy/maintenance (21 percent); Transport (9 percent); Recreation and Culture (7 percent). About The Trading Economics Application Programming Interface (API) provides direct access to our data. Central Statistical Office of Poland (GUS), Poland Inflation Rate Edges Down to 3% in November, Poland Factory Growth Steady in November: PMI, Polish October Jobless Rate Steady at Near 1-1/2-Year High, Poland Retail Sales Fall More than Expected, Poland Producer Prices Fall Less than Expected in October, Poland Industrial Output Growth Slows in October, Polish Corporate Wage Growth Slows in October, Polish Employment Falls Less than Expected, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week, French Shares Finish in the Red, Fall 1.8% on the Week. food and energy 4.2 4.3. Meantime, prices fell further for transport (-4.6% vs -4.9%) and clothing & footwear (-2.4% vs -2%) while inflation was steady for education (at 5.8%). Now, let’s consider the IMF’s year-end forecasts for 2020 from its October 2020 WEO. Poland: GDP falls at slower rate in third quarter amid lifting of Covid-19 restrictions. Was ist Inflation? The January inflation reading will be the first release for Poland in 2020 and will undoubtedly be closely watched. The BSP forecasts a range of 2.4 percent to 3.2 percent for the November consumer price index. The oil price should amount to 42 dollar per barrel in 2020 and 48 dollar per barrel in 2021. Read more. HICP inflation is expected to increase from 0.3% in 2020 to 1.0% and 1.3% in 2021 and 2022, respectively. Die Statistik zeigt die Entwicklung der Reallöhne in Polen von 2010 bis 2020. Märkte Währung 10-jährige Staatsanleihen Börse. On a monthly basis, consumer prices should increase 0.1 percent, following a 0.2 percent gain in the prior month. Die 2% Zielmarke wurde bisher nicht erreicht. The following is a table of Polish annual net inflation indices for October, published by the central bank on Monday. Industrial output increased 1.0% in year-on-year terms in October, a softer rise than September's 5.9% expansion. Twitter source: National Bank of Poland Published by H. Plecher, May 20, 2020 In 2019, Poland had an inflation rate of 2.31 percent compared to the previous year. The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. The IMF expects Poland's GDP to grow by 4.6 percent next year (against 4.2 percent expected in June). Economic forecasts Summer 2020 Economic Forecast: A deeper recession with wider divergences The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. Its failure to address rule-of-law issues may prompt the EU to try to impose sanctions on Poland. 2020-10-15: 08:00 AM: Verbraucherpreise (endgültig) y/y Sep 3.2% 2.9% 3.2% 2020-10-30: 09:00 AM : Verbraucherpreise (vorläufig) y/y ... Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Polen - Inflationsrate. According to the Eurostat methodology, in June 2020 inflation in Poland amounted to 3.8 percent and was the highest in the European Union. It is expected to stand at 3.3–3.5% in 2020 and at 2.6–2.7% in 2021. Two inflation rates are being presented: the annual inflation 2020 - comparing the december CPI of 2020 to the december CPI of the year before and “Higher d Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. Cost of food & non-alcoholic beverages is expected to slow (2.3 percent from 2.8 percent in September). Twitter December 1, 2020 . More. Inflation 2020 (CPI) - The inflation table on this page features an overview of the inflation by country in 2020: CPI inflation 2020. The annual core inflation rate in Poland decreased to 4.2 percent in October of 2020 from 4.3 percent in the previous month, in line with market expectations. The annual inflation rate in Poland dropped to 3 percent in November of 2020 from 3.1 percent in the previous month, a preliminary estimate showed. Industrial output increased 1.0% in year-on-year terms in October, a softer rise than September's 5.9% expansion. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. Inflation measures the erosion of living standards. Looking for forecasts related to Inflation in Poland? According to numbers published by the European Commission, average inflation for 2020 is expected to come to 2.5% in Poland, surpassing the 2019 figure of 2.1%. Food Inflation in Poland averaged 3.13 percent from 1999 until 2020, reaching an all time high of 13.80 percent in July of 2000 and a record low of -3.70 percent in January of 2015. Analysts polled by Reuters had expected September net inflation – excluding food and energy prices – of 4.20%. The International Monetary Fund (IMF) has revised Poland's GDP forecast at minus 3.6 percent from the minus 4.6 percent forecast in June 2020. For comparison, in Hungary it was 2.9 percent, in the Czech Republic 3.4 percent, and in Romania 2.2 percent. Press Inflation drops to three-month low in November. This means that current central bank price forecasts are only slightly lower than ours (3.5% y/y in 2020, 2.8% in 2021). Analysis of Influences of COVID-19 to the present and future Central Tire Inflation System market and related industry. The Fitch Agency has downgraded Poland's economic growth forecast in 2021 to 3.3 percent year on year from the 4.5 percent expected in late September and raised it to 5.1 percent in 2022 from 3.3 percent forecast earlier. On the other hand, prices advanced faster for housing & utilities (7.5% 7.3%); alcohol & tobacco (4.8% vs 4.7%); health (5.1% vs 5%); other goods & services (3.2% vs 2.9%) and communication (4.6% vs 5.5%). Cost slowed for food & non-alcoholic beverages (2.4% vs 2.8% in September); recreation & culture (3.3% vs 3.6%) restaurants & hotels (5.1% vs 5.3%) and household equipment (1.4% vs 1.5%). Poland, however, is an exception, with annual inflation expected to be higher than last year. Direct access to our calendar releases and historical data. Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. The expected by NBP projection scenario will be greatly impacted by future conditions in the global economy. 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. Regional Today. Country News; At a Glance; Country Data; See All Documents; Country News Colombian men transporting sacks of coffee. More. CPI excluding controlled prices 2.1 2.3. excluding the most volatile prices 3.0 3.2. Meanwhile, the trend was unchanged with annual average inflation coming in at October's 3.5% in November. English. Cost of food in Poland increased 2.40 percent in October of 2020 over the same month in the previous year. The maximum level was 46.5 % and minimum was -1.6 %. Poland, however, is an exception, with annual inflation expected to be higher than last year. The following is a table of Polish annual net inflation indices for September, published by the central bank on Friday. For comparison, in Hungary it was 2.9 percent, in the Czech Republic 3.4 percent, and in Romania 2.2 percent. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation drops to three-month low in November, Poland: GDP slides at slower rate in the third quarter, Poland: Business confidence records worst reading in six months in November, Poland: Retail sales drop at sharpest rate since May in October, Poland: Industrial output growth eases in October. Mit dem Begriff Inflation wird die Geldentwertung, also das Absinken des Geldwertes, bezeichnet. The following is a table of Polish annual net inflation indices for October, published by the central bank on Monday. In 2021, it is set to increase to 2% and remain at this percentage throughout 2022. Also, prices of fuels for personal transport equipment are set to plunge (-9.2 percent, the same as in September). We forecast that real GDP growth will contract in 2020, owing to the global outbreak of the novel coronavirus, which will also severely affect external demand. In turn, in Cyprus, Greece, Estonia and Latvia, prices were lower than a year ago. Inflation outlook. Prices are set to increase for electricity, gas and other fuels (4.7 percent) and food & non-alcoholic beverages (2 percent). Poland inflation eases in November. Inflation and GDP projection - November 2020 The inflation and GDP projection is prepared by the Economic Analysis Department of the National Bank of Poland and presents a forecast of economic developments under the assumption of constant NBP interest rates. As recently estimated by the economists, inflation in 2020 will reach 3.7%. The annual inflation rate in Poland fell to 3 percent in October of 2020 from 3.2 percent in the previous month, a preliminary estimate showed. 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