Inflation in Poland

Poland Harmonized Inflation | Economic News & Forecasts

Poland - Harmonized Inflation

Inflation edges up in May

Consumer prices ticked up 0.2% month-on-month in May, following April’s 1.1% jump, according to data released by the Poland’s Statistical Institute (GUS). The strongest price increases were recorded for food and non-alcoholic beverages, and fuels for personal transport equipment. Core consumer prices in April (the latest month for which data is available) rose 1.0% in month-on-month terms, above March’s 0.4% rise.

Inflation edged up to 2.4% in May from 2.2% in April, marking the fastest increase in one-and-a-half years but nonetheless remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. Price rises were particularly strong for food and services. For its part, core inflation in April increased to an over six-year high of 1.7% (March: 1.4%).

All told, annual average inflation inched up to 1.7% in May from April’s 1.6%.

Met the why particular Consensus Forecast panelists expect inflation to average 2.1% in 2019, which is down 0.2 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 2.5%.

Poland - Harmonized Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)0.8  0.1  -0.7  -0.2  1.6  

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Poland Harmonized Inflation Chart

Poland Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Statistics Office.

Poland Facts

Bond Yield2.11-0.30 %Jun 14
Exchange Rate3.80-0.53 %Jun 14
Stock Market59,092-1.13 %Jun 14

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