Consumer prices in Poland advanced 4.7 percent year-on-year in May of 2021, following a 4.3 percent hike in the prior month but slower than preliminary estimates of a 4.8 percent jump. It was the highest annual inflation rate since February of last year, primarily underpinned by prices of housing & utilities (6.0 percent vs 5.7 percent in April) and transportation (19.5 percent vs 16.2 percent). Upward pressure was also seen coming from recreation & culture (5.7 percent vs 5.4 percent), restaurants & hotels (5.0 percent vs 4.4 percent), and communication (6.6 percent vs 7.6 percent). On a monthly basis, consumer prices went up 0.3 percent, easing from a 0.8 percent gain in April and were in line with early estimates. source: Central Statistical Office of Poland (GUS)
Inflation Rate in Poland averaged 7.95 percent from 1992 until 2021, 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. Poland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Poland is expected to be 4.50 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 2.40 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 3.00 percent in 2022 and 2.40 percent in 2023, according to our econometric models.