Poland inflation rises in January

Figures

Poland’s consumer price inflation rose at a faster pace in January, preliminary data from the Warsaw-based Central Statistical Office (GUS) showed on Friday.

The consumer price index rose 4.4% year-on-year in January, following a 3.4% increase in December. Economists had forecast 4.2% inflation. Prices of food and non-alcoholic beverages, and tobacco increased 6.7% and those of dwelling and transport rose by 4.9% and 1.9%, respectively.

On month, consumer prices increased 0.9% in January following a 0.8% rise in the previous month. In a preliminary report, released on Friday, GUS also said that Poland economy expanded an annual 3.1% in the fourth quarter of 2019, easing from a 3.9% advance in the previous quarter. It was the lowest annual growth rate since Q4 2016.

On a seasonally adjusted quarterly basis, the economy advanced 0.2%, slowing markedly from a 1.2% rise in Q3. For full 2019, Poland’s GDP grew 4%, easing from a 5.1% expansion in 2018.

Scope Assigns MOL BBB- Issuer Rating Ratings

Scope Assigns MOL BBB- Issuer Rating

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.