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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.
POLAND
MNI (London)
- The June flash estimate sees polish inflation rising to a fresh 26-year high at 15.6% y/y in June, a steep 1.7pp uptick on May. Prices are expected to have risen by 1.5% m/m, edging down modestly from 1.7% m/m in May.
- This is the fourth consecutive month of acceleration, with the annualised reading climbing over 1.4pp each month.
- Energy and food prices continued to be the key upwards drivers in June, as price pressures build further due to Poland's economic exposure to the effects of the war in Ukraine. With USDPLN having risen over 6% in June alone, the exchange rate has added additional upwards pressure to inflation.
- The Polish central bank is due to meet next Thursday. As such, today's inflation print underscores the likelihood of another 75bp hike for July.
Source: Statistics Poland
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.
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