Polish firms' CPI expectations for coming year decline - c. bank
Poland's central bank NBP's business climate survey has seen a decline in expectations for the development of CPI inflation over the next 12 months, according to the report ‘NBP Quick Monitoring', analysing the situation of the business sector in April 2025.
"Expectations for the evolution of CPI inflation (over the horizon of the next 12 months) decreased in the latest survey. The balance statistic of these expectations fell (to 28.4 points from 36.8 points in the previous survey), with a lower inflation benchmark referred to by survey respondents (4.7 percent year on year versus 5.0 percent previously," NBP said in the report.
"In particular, we saw the share of entities expecting inflation to remain at last December's level falling to 20.2 percent from 29.7 percent in the previous survey, as well as a further increase in inflation (to 24.8 percent from 26.0 percent). In contrast, the percentage of companies expecting consumer price inflation to fall increased (to 37.3 percent from 30.8 percent)," it added.
Companies surveyed under Poland's central bank NBP 'Quick Monitoring' survey were slightly more likely than in the previous survey to forecast a stabilisation of the prices of their products and services in the next quarter (42.5 percent of companies against 39.8 percent previously, in seasonally adjusted terms).
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