Poland August IP +4.3% y/y misses; PPI 4.2% y/y, 3-yr high

Polish industrial production rose 4.3% y/y in August, below consensus, while producer inflation accelerated to 4.2% y/y, the highest in three years. The PPI surge signals building pipeline cost pressures that could feed into consumer inflation, complicating the central bank's easing path. Markets will weigh weaker growth momentum against rising inflation risks.