The annual inflation rate in Poland rose 3.4 percent in December 2019 from 2.6 percent in the previous month, matching a preliminary estimate and market expectations. It was the highest inflation rate since October 2012, as prices went up further for food & non-alcoholic beverages (6.9% vs 6.5% in November); miscellaneous goods & services (3.2% vs 1.5%); health (3.2% vs 3.1%); alcoholic beverages & tobacco (1.6% vs 1.3%); restaurant & hotels (5.4% vs 5.3%); furniture & household equipment (0.4% vs 0.3%); and communication (4.3% vs 3.7%). In addition, cost of transport rebounded (0.5% vs -3.4%). Also, prices of clothing & footwear declined less (-1.2% vs -1.8%). Meantime, inflation was steady for housing & utilities (at 2%); recreation & culture (at 3.6%); and education (at 4.6%). On a monthly basis, consumer prices advanced 0.8 percent, after a 0.1 percent gain in November. Considering 2019 as a whole, the inflation rate was at 2.3 percent.

Inflation Rate in Poland averaged 8.18 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. This page provides the latest reported value for - Poland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Central Statistical Office of Poland (GUS)

Inflation Rate in Poland is expected to be 2.30 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 1.90 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.


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Poland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.60 46.50 -1.60 1992 - 2019 percent Monthly
1998=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 09:00 AM Inflation Rate YoY Prel Nov 2.6% 2.5% 2.6% 2.4%
2019-12-13 09:00 AM Inflation Rate YoY Final Nov 2.6% 2.5% 2.6% 2.6%
2020-01-07 09:00 AM Inflation Rate YoY Prel Dec 3.4% 2.6% 2.9% 2.7%
2020-01-15 09:00 AM Inflation Rate YoY Final Dec 3.4% 2.6% 3.4% 3.4%
2020-02-14 09:00 AM Inflation Rate YoY Jan 3.4%


News Stream
2020-01-07
Poland Inflation Rate at Over 7-Year High of 3.4%
The annual inflation rate in Poland picked up to 3.4 percent in December 2019 from 2.6 percent in the prior month and well above market expectations of 2.9 percent, preliminary figures showed. It was the highest inflation rate since October 2012, as prices advanced faster primarily for food & non-alcoholic beverages (7 percent vs 6.5 percent in November). Meantime, cost of fuels for personal transport equipment fell much less (-0.2 percent vs -5.4 percent) and prices of electricity, gas and other fuels decreased at the same pace (-1.8 percent). On a monthly basis, consumer prices inched up 0.8 percent, after increasing 0.1 percent in the previous month.

2019-12-13
Poland November Inflation Rate Confirmed at 2.6%
The annual inflation rate in Poland rose to 2.6 percent in November 2019 from 2.5 percent in October, matching a preliminary reading and market expectations. Prices advanced further for food & non-alcoholic beverages (6.5% vs 6.1% in October); housing & utilities (2% vs 1.9%); recreation & culture (3.6% vs 2.6%); and communication (3.7% vs 1%). Meanwhile, cost slowed for miscellaneous goods & services (1.5% vs 1.7%); furniture & household equipment (0.3% vs 0.8%); education (4.6% vs 4.7%); and health (3.1% vs 4%). Additionally, prices fell at a faster pace for transport (-3.4% vs -3%) and clothing & footwear (-1.8% vs -1.7%). Also, inflation was steady for alcoholic beverages & tobacco (at 1.3%); and restaurant & hotels (at 5.3%). On a monthly basis, consumer prices went up 0.1 percent, easing from a 0.2 percent gain in the prior month and in line with forecasts.

2019-11-29
Poland Inflation Rate Up to 2.6%
The annual inflation rate in Poland edged up to 2.6 percent in November of 2019 from 2.5 percent in the previous month, matching market expectations, preliminary figures showed. Prices rose faster for food & non-alcoholic beverages (6.5 percent compared to 6.1 percent in October) but continued to fall for utilities (-1.7 percent, the same as in October) and fuels for transport equipment (-5.5 percent compared to -4.7 percent). On a monthly basis, consumer prices are seen rising 0.1 percent after a 0.2 percent gain in October.

2019-11-14
Poland Inflation Rate Confirmed at 5-Month Low
Annual inflation rate in Poland decreased to 2.5% in October from 2.6% in September and in line with preliminary estimates. It was the lowest inflation since May, as cost slowed for food & non-alcoholic beverages (6.1% from 6.3% in September) and housing & utilities (1.9% from 2.0%) while inflation was steady for recreation & culture (at 2.6%). On the other hand, cost advanced faster for alcoholic beverages & tobacco (1.3% from 1.0%); miscellaneous goods & services (1.7% from 1.3%); communication (1.0% from 0.9%); restaurant & hotels (5.3% from 5.2%); furniture & household equipment (0.8% from 0.5%); education (4.7% from 4.4%) and health (4.0% from 3.9%). Meantime, prices fell further for transport (-3.0% from -1.7%) and clothing & footwear (-1.7% from -1.2%). On a monthly basis, consumer prices went up 0.2%, after showing no growth in September and also matching early estimates.

2019-10-31
Poland Annual Inflation Rate Slows to 5-Month Low
Poland’s annual inflation rate fell to 2.5 percent in October of 2019 from 2.6 percent in the previous month, a preliminary estimate showed. It was the lowest inflation rate since May, as cost continued to fall for electricity, gas and other fuels (-1.7 percent vs -1.6 percent in September) and for fuels for personal transport equipment (-4.7 percent vs -2.7 percent) while food & non-alcoholic beverages prices slowed (6.1 percent vs 6.3 percent). On a monthly basis, consumer prices increased 0.2 percent from a flat reading in the previous month.

2019-10-15
Polish Inflation Rate Confirmed at 2.6%
Poland’s annual inflation rate fell to 2.6% in September of 2019 from 2.9% in the previous month, in line with preliminary estimates. It was the lowest inflation since June, as prices slowed for food & non-alcoholic beverages (6.3% from 7.2% in August); recreation & culture (2.6% from 2.8%); alcoholic beverages & tobacco (1% from 1.3%) and furniture & household equipment (0.5% from 0.7%). On the other hand, cost advanced faster for housing & utilities (2% from 1.9%); health (3.9% from 3.6%); miscellaneous goods & services (1.3% from 0.7%); restaurant & hotels (5.2% from 4.7%) and education (4.4% from 3.1%). Meantime, cost continued to decrease for clothing & footwear (-1.2% from -1.4%) and transport (-1.7% from -0.2%) while prices rebounded for communication (0.9% from -0.7%). On a monthly basis, consumer prices showed no growth, the same as in the previous month and also matching earlier estimates.


Poland Inflation Rate
In Poland, the most important categories in the consumer price index are: Food and non-alcoholic beverages (24 percent of the total weight); Housing energy/maintenance (21 percent); Transport (9 percent); Recreation and Culture (7 percent). Alcohol and tobacco, Health, Other goods and services, and Clothing account for 6 percent each. Communication, Restaurants and Hotels, Household Equipment and Education account for the remaining 17 percent of total weight.

Poland Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 2.60 46.50 -1.60 percent [+]
Inflation Rate Mom 0.80 0.10 76.70 -0.90 percent [+]
Consumer Price Index CPI 181.10 179.70 181.10 0.00 points [+]
Core Consumer Prices 103.11 102.60 115.89 99.59 points [+]
Core Inflation Rate 3.10 2.60 15.90 -0.41 percent [+]
GDP Deflator 106.45 105.95 106.45 41.44 points [+]
Producer Prices 106.00 105.90 106.70 51.60 points [+]
Producer Prices Change 1.00 -0.10 57.60 -2.80 percent [+]
Export Prices 108.30 103.50 1468.00 82.40 points [+]
Import Prices 99.20 101.40 1419.00 79.50 points [+]
Food Inflation 6.90 6.50 13.80 -3.70 percent [+]
Harmonised Consumer Prices 106.20 105.60 106.20 43.00 points [+]