poland inflation forecast 2022

Both bring acquired growth at the first quarter of this year to a solid 2.7% for the EU and 2.4% for the euro area. Current job openings: Download historical data for 20 million indicators using your browser. The inflation rate in New Zealand decreased to 7.20 percent YoY in the third quarter of 2022 from 7.30 percent in the second quarter of 2022, as housing and household utilities showed significant increases with rising prices for construction (+17%), rentals for housing (4.6%), and local authority rates (7.3%). This was the steepest rise in consumer prices since July 2008. Meantime, cost of housing accelerated slightly (3.56% vs 3.46%). This page provides - Poland The effect of foreign-owned multinational enterprises on Ireland's national account. Wages in Poland averaged 3234.95 PLN/Month from 1997 until 2022, reaching an all time high of 6235.22 PLN/Month in the first quarter of 2022 and a record low of 1008.03 PLN/Month in the first quarter of 1997. Direct access to our data from your apps using any programing language. This page provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Policymakers said that a further slowdown of GDP growth is forecast for the coming quarters, The outlook remains subject to high uncertainty and the balance of risks is tilted towards adverse outcomes. GDP Growth Rate in Poland averaged 0.99 percent from 1995 until 2022, reaching an all time high of 7.30 percent in the third quarter of 2020 and a record low of -9.10 percent in the second quarter of 2020. Russias unprovoked invasion of Ukraine continues to send shockwaves through the global economy. We have a plan for your needs. On a monthly basis, consumer prices edged up 0.05 percent in August, after falling 0.16 percent in July. We have a plan for your needs. Inflation Rate in Venezuela averaged 3693.97 percent from 1973 until 2022, reaching an all time high of 344509.50 percent in February of 2019 and a record low of 3.22 percent in February of 1973. Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. Food prices rose the most since November 2011 (9.35% vs 8.02% in July), boosted by meats, duck & chicken, and vegetables & fruits. Whereas businesses still eye an expansion of economic activity, they are less optimistic about the future, which will weigh on investment. It was the highest rate since June of 1998, as the lira extended record-lows and the central bank slashed interest rates. Households are just as negative about the future as they were at the onset of the pandemic, which is set to drag on the recovery of private consumption. On a monthly basis, consumer prices increased by 0.22 percent in September, after edging up 0.05 percent in August. White label accounts can distribute our data. Furthermore, the deceleration of growth in the US is adding to the negative economic impact of Chinas strict zero-COVID policy. Upward pressure came from food and non-alcoholic beverages (21.9%); fuels for personal transport & equipment (19.5%): and electricity, gas & other fuels Meantime, food prices rose the most since November 2011 (9.82% vs 9.35%), boosted by meats, duck & chicken, and vegetables & fruits. API users can feed a custom application. The Trading Economics Application Programming Interface (API) provides direct access to our data. The annual inflation rate in Turkey rose further to 85.5 percent in October 2022, from 83.5 percent in the previous month, and in line with market forecasts of 85.6 percent. October 2022 Data - 1977-2021 Historical - November Forecast, Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand, Thailand Inflation Rate Slows to 6-Month Low, Thailand Manufacturing PMI Falls from Record High, Thailand Industrial Output Growth Below Estimates, Thailand Car Sales Rise 15.64% YoY in September, Asian Currencies Gain as Sentiment Improves, Bank of Thailand Hikes Rates for 2nd Meeting, Thailand Consumer Morale Rises to 7-Month High, Australian Shares Fall as Tech, Resources Weigh, Bovespa Sinks Following Bad Earnings from Bradesco, Mexbol Turns Downward After Inflation Report, Canada TSX Declines with Commodities, CPI Uncertainty, Poland Holds Interest Rate Steady for 2nd Meeting. As the pressures from energy prices and supply constraints fade, inflation is expected to decline steadily thereafter and to fall below 3% by the end of 2023. Also, food prices grew by 9.58%, On the other hand, inflation slowed for services (8 percent vs 8.26 percent). In 2023, economic growth is expected to gather some momentum, on the back of a resilient labour market, moderating inflation, support from the Recovery and Resilience Facility and a still large amount of excess savings. The rapid increase in energy and food commodity prices is feeding global inflationary pressures, eroding the purchasing power of households and triggering a faster monetary policy response than previously assumed. Inflation Rate in Albania averaged 2.92 percent from 1995 until 2022, reaching an all time high of 42.08 percent in December of 1997 and a record low of -2.11 percent in March of 2000. 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. This page provides - Venezuela Inflation Rate - actual values, This was the lowest figure since April, amid a notable slowdown in cost of both transport (6.37% vs 8.47% in August) and housing (3.46% vs 8.59%). Food inflation is also surging, but pressures are broadening further as higher energy costs are passed-through to services and other goods. Core consumer prices rose 3.17% yoy in October, the most since July 2008, after a 3.12% gain in September and compared with consensus of 3.2%. Insights from the Commission's consumer survey. Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. Direct access to our data from your apps using any programing language. The shocks unleashed by the war are hitting the EU economy both directly and indirectly, setting it on a path of lower growth and higher inflation. Core consumer prices rose 3.12% yoy in September, after a 3.15% gain in August which was the most since July 2008 and compared with consensus of 3.2%. Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. At the same time, recent downward tendencies of oil and other commodities prices could intensify, bringing about a faster deceleration in inflation. The Trading Economics Application Programming Interface (API) provides direct access to our data. This marks the first pause after a long tightening cycle that began in October 2021 to combat inflation, amid mounting growth worries. Inflation Rate in Japan averaged 2.84 percent from 1958 until 2022, reaching an all time high of 24.90 percent in February of 1974 and a record low of -2.50 percent in October of 2009. The National Bank of Poland held its benchmark reference rate at 6.75% on October 5th 2022, defying market expectations of a 25bps hike to 7%. In the euro area, 2.6% growth is expected in 2022 and 1.4% in 2023. The annual rates of 7.6% in 2022 (8.3% in the EU) and 4.0% in 2023 (4.6% in the EU) imply upward revisions by more than one percentage point from the Spring Forecast. China's annual inflation rose to 2.8% yoy in September 2022 from 2.5% in the prior month, matching market consensus. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Real GDP is forecast to grow by 2.7% in 2022 and 1.5% in 2023 in the EU. On a monthly basis, consumer prices increased by 0.33 percent in October, the third straight month of gains and the steepest growth in four months, after rising 0.22% in September. The annual inflation rate in Thailand fell to 5.98% in October 2022 from 6.41% in the prior month and compared with market forecasts of 6.0%. In addition, housing inflation accelerated further (8.59% vs 8.42%), due to electricity cost. This was the lowest figure since April, amid a notable slowdown in cost of transport (4.84% vs 6.37% in September), largely linked to public transportation services and vehicles & vehicle operation. Standard users can export data in a easy to use web interface or using an excel add-in. Also, transport prices continued to rise (8.47% vs 10.23%), led by vehicles and vehicle operation. Inflation in the euro area is projected to peak at a new record high of 8.4% in the third quarter of 2022. Others include: Medical and personal care (6 percent); Recreation and education (6 percent); Apparel and footwear (3 percent); and Tobacco and alcoholic beverages (1 percent). Canadas annual inflation rate slowed to 6.9% in September of 2022 much below the 39-year peak of 8.1% hit in June but slightly above market estimates of 6.8%. Standard users can export data in a easy to use web interface or using an excel add-in. Moreover, private consumption could prove more resilient to increasing prices if households were to use more of their savings. API users can feed a custom application. The projected annual growth rate for this year is propped up by the momentum gathered with the recovery of last year and a stronger first quarter than previously estimated. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. The annual inflation rate in Thailand rose to 7.86% in August 2022 from 7.61% in July and compared with market forecasts of 7.85%. Risks to the forecast for economic activity and inflation are heavily dependent on the evolution of the war. Food inflation climbed for the seventh straight However, on an annual basis there is a downward revision of almost one percentage point compared to the Spring Forecast. The annual inflation rate in Thailand fell to 6.41% in September 2022 from 7.86% in the prior month and less than market forecasts of 6.6%. In Poland, wages are benchmarked using average gross salaries. The annual inflation rate in Greece accelerated to 12.0 percent in September of 2022 from 11.4 percent in the previous month, holding close to levels not seen since late 1993. Advanced users can use our Python/R/Matlab packages. Read latest breaking news, updates, and headlines. Economic activity is expected to have weakened in the second quarter, but should regain some traction during summer, thanks to a promising tourism season. This page provides - Albania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. To navigate these troubled waters, Europe must show leadership, with three words defining our policies: solidarity, sustainability and security. The Summer Forecast continues to rely on assumptions of the Spring Forecast. It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. Trading Economics welcomes candidates from around the world. Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). Inflation in the EU is forecast to increase to 8.3% in 2022 (7.6% in the euro area); and to 4.6% in 2023 (4.3% in the euro area). With gas prices nearing all-time highs energy inflation is on the rise. Overall, real GDP is forecast to grow by 2.7% in 2022 and 1.5% in 2023 in the EU and by 2.6% in 2022 and 1.4% in 2023 the euro area. The Gross Domestic Product (GDP) in Poland contracted 2.10 percent in the second quarter of 2022 over the previous quarter. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. The annual rates of 7.6% in 2022 (8.3% in the EU) and 4.0% in 2023 (4.6% in the EU) imply upward revisions by more than one percentage point from the Spring Forecast. Further increases of gas prices could strengthen the stagflationary forces currently at play. As the pressures from energy prices and supply constraints fade, inflation is expected to decline steadily thereafter and to fall below 3% by the end of 2023. Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. Second round effects could amplify these forces and lead to a sharper tightening of financial conditions that would not only weigh on growth, but also on financial stability. Lower income households are especially hit by the protracted rise in prices. Whereas prices of some commodities are retreating from recent peaks, the EU economy remains vulnerable to developments in energy markets due to its high reliance on Russian fossil fuels. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 2022 Data - 2023 Forecast - 1997-2021 Historical - Chart, Central Statistical Office of Poland (GUS), Poland Holds Interest Rate Steady for 2nd Meeting, Poland Factory Activity Sinks for 6th Month, Poland Inflation Rate Rises to 17.9%, Highest since 1996, Polish Retail Sales Growth Exceeds Forecast in September, Polish Industrial Output Growth Tops Expectations, Poland Employment Growth Eases in September, Polish Producer Inflation Slightly Eases in September, Polish Corporate Wages Growth Above Forecasts, Australian Shares Fall as Tech, Resources Weigh, Bovespa Sinks Following Bad Earnings from Bradesco, Mexbol Turns Downward After Inflation Report, Canada TSX Declines with Commodities, CPI Uncertainty. As the reality of a protracted Russian invasion of Ukraine sinks in, the assessment of its economic consequences for the global economy is turning grimmer. Summer 2022 Economic Forecast - Statistical annex. Finally, COVID-19 remains a risk factor. Inflation Rate in South Africa averaged 8.73 percent from 1968 until 2022, reaching an all time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004. EC press conference by Commissioner Paolo GENTILONI on the 2022 Summer Economic Forecast. This was the lowest figure since April, amid a notable slowdown in cost of transport (4.84% vs 6.37% in September), largely linked to public transportation services and vehicles & vehicle operation. Core consumer prices rose 3.15% yoy in August, the most since July 2008, after a 2.99% gain in July and compared with consensus of 3.2%. Prices advanced for housing (35.4 percent vs 31.4 percent in August), namely rentals for dwellings, services for the repair and maintenance of the dwelling, electricity, natural gas, heating oil, solid fuel; food & It is a fresh-high reading since August 1996, preliminary estimates showed. Consumer prices continued to slow for transportation (8.7% vs 10.3% in August), largely due to a sustained slowdown for gasoline prices (13.2% vs 22.1%) amid an increase in the global supply of crude oil during the The annual inflation rate in Poland accelerated to 17.9% in October of 2022 from 17.20% in the previous month and in line with forecast of 17.95%. Advanced users can use our Python/R/Matlab packages. Trading Economics welcomes candidates from around the world. This page provides - Poland GDP Growth Rate - Inflation Rate in Venezuela decreased to 155.80 percent in October from 157.40 percent in September of 2022. Statistic agency's data showed Chinese food inflation climbed to its highest in 25 months (8.8% vs 6.1% in August), with pork prices accelerating further despite efforts Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. The annual inflation rate in Thailand fell to 5.98% in October 2022 from 6.41% in the prior month and compared with market forecasts of 6.0%. Main upward pressures came from prices of food & non-alcoholic beverages (99.1 percent vs White label accounts can distribute our data. This site is managed by the Directorate-General for Economic and Financial Affairs, Summer 2022 Economic Forecast: Russias war worsens the outlook, Follow the European Commission on social media, The impact of inflation on consumers financial situation. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Wages in Poland decreased to 6156.25 PLN/Month in the second quarter of 2022 from 6235.22 PLN/Month in the first quarter of 2022. Get information on latest national and international events & more. Inflation Rate in Singapore averaged 2.54 percent from 1962 until 2022, reaching an all time high of 34.30 percent in March of 1974 and a record low of -3.10 percent in September of 1976. In Thailand, the most important categories in the consumer price index are Food and non-alcoholic beverages (36 percent of total weight), Transportation and communication (24 percent) and Housing and furnishing (23 percent). This was the highest rate since April 2020, mainly due to a sharp jump in cost of food. Also, food prices grew by 9.58%, slowing from a 9.82% rise in September which was the steepest pace since November 2011. Current job openings: Download historical data for 20 million indicators using your browser. 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.