Free Trial

CPI Falls Short of Forecast, Y/Y Back in Single Digits

POLAND
  • Poland CPI (Sep P) M/M -0.4% vs. Exp. 0.1% (Prev. 0.0%), Y/Y 8.2% vs. Exp. 8.5% (Prev. 10.1%)
  • Softer than expected Polish CPI - key drivers for the miss are: fuel (-3.1%, Prev. +1.9% M/M) and electricity/gas prices (-0.8%, Prev. 0.0%).
  • On the year-on-year, food prices also slow considerably to 10.3%, half the pace of the 24.0% Y/Y prints we were seeing in February and March this year.
  • EUR/PLN bid on the release, clearing space with the earlier lows at 4.6237 posted just ahead of the figure. First intraday resistance sits at 4.6392.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.