Annual inflation rate in Poland came in at 2.9% in August of 2019, the same as in the previous month and above preliminary estimates of 2.8%. It remains the highest inflation since October 2012. Cost rose faster for food & non-alcoholic beverages (7.2% from 6.8% in July); alcoholic beverages & tobacco (1.3% from 1.2%) and restaurant & hotels (4.7% from 4.4%). On the other hand, prices slowed for housing & utilities (1.9% from 2%); recreation & culture (2.8% from 3%); health (3.6% from 3.7%); other goods & services (0.7% from 1.9%) and household equipment (0.7% from 0.8%). Meantime, prices continued to decrease for transport (-0.2% from -0.3%); clothing & footwear (-1.4% from -1.5%) and communication (-0.7% from -1.1%). On a monthly basis, consumer prices showed no growth, the same as in the prior month and in line with earlier estimates. Inflation Rate in Poland averaged 8.25 percent from 1992 until 2019, reaching an all time high of 46.50 percent in April of 1992 and a record low of -1.60 percent in February of 2015.
Inflation Rate in Poland is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Poland to stand at 1.80 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.