Free Trial

GS on Poland Inflation

POLAND
  • The Polish Central Statistical Office (GUS) will publish the February inflation data on Tuesday, March 15.
  • On the back of temporary VAT tax cuts that came into effect in February, which cover energy and food items, GS expects inflation to decline from +9.2%yoy to +8.3%yoy, above consensus expectations of +8.1%yoy.
  • The uncertainty surrounding the impact of tax-related measures introduces two-sided risks for the release, but GS thinks that underlying inflation will remain strong and expect core inflation measures to continue rising.
  • Furthermore, the February print will not yet reflect the recent sharp increase in commodity prices as well as significant depreciation of the Zloty, which should add to an already challenging inflation outlook in Poland.

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.