Poland CPI YoY in 2015
Poland CPI YoY opened 2015 at -1.40% and closed at -0.50%, a +64.29% move for the year. The high of -0.50% was reached on December 1, and the low of -1.60% on February 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -1.40% | -1.40% | -1.40% | -1.40% | +0.00% |
| Feb | -1.60% | -1.60% | -1.60% | -1.60% | +0.00% |
| Mar | -1.50% | -1.50% | -1.50% | -1.50% | +0.00% |
| Apr | -1.10% | -1.10% | -1.10% | -1.10% | +0.00% |
| May | -0.90% | -0.90% | -0.90% | -0.90% | +0.00% |
| Jun | -0.80% | -0.80% | -0.80% | -0.80% | +0.00% |
| Jul | -0.70% | -0.70% | -0.70% | -0.70% | +0.00% |
| Aug | -0.60% | -0.60% | -0.60% | -0.60% | +0.00% |
| Sep | -0.80% | -0.80% | -0.80% | -0.80% | +0.00% |
| Oct | -0.70% | -0.70% | -0.70% | -0.70% | +0.00% |
| Nov | -0.60% | -0.60% | -0.60% | -0.60% | +0.00% |
| Dec | -0.50% | -0.50% | -0.50% | -0.50% | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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