Annual inflation rate decreased to 1.8% in October of 2018 from 1.9% in the previous month and above the preliminary estimate of 1.7%. It was the lowest inflation rate since May, as prices slowed for food & non-alcoholic beverages (1.8% from 2.3% in September); housing & utilities (2% from 2.2%); alcoholic beverages & tobacco (1.5% from 1.6%) and furniture & household equipment (0.9% from 1.1%). On the other hand, cost rose faster for transport (7.5% from 7%); recreation & culture (1.9% from 1.8%); restaurant & hotels (3.1% from 3%) and education (2.8% from 2.6%). Meanwhile, inflation was steady for health (2.1%, the same as in September), while prices continued to decline for miscellaneous goods & services (-0.2%, the same as in September); clothing & footwear (-2.9% from -3.3%) and communication (-3.6%, the same as in September). On a monthly basis, consumer prices went up 0.4%, in line with flash estimates and following a 0.2% gain in September. Inflation Rate in Poland averaged 8.44 percent from 1992 until 2018, 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 2.00 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 2.70 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.