The annual inflation rate in Poland edged down to 2.4 percent in December 2020 from 3 percent in the previous month, slightly above preliminary estimates of 2.3 percent. The rate fell below the central bank's target of 2.5 percent, hitting its lowest level since May 2019, due to subdued demand amid the pandemic crisis. Prices slowed mostly for food & non-alcoholic beverages (0.8 percent vs 2 percent in November) and miscellaneous goods & services (2.1 percent vs 3.7 percent). In addition, costs fell further for transport (-5.7 percent vs -4.4 percent) and clothing & footwear (-4.1 percent vs -3.4 percent). On a monthly basis, consumer prices edged up 0.1 percent in December, the same pace as in November and in line with earlier estimates. source: Central Statistical Office of Poland (GUS)

Inflation Rate in Poland averaged 8.02 percent from 1992 until 2020, 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 January of 2021.

Inflation Rate in Poland is expected to be 2.20 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 1.60 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 1.90 percent in 2022, according to our econometric models.

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Poland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 3.00 46.50 -1.60 1992 - 2020 percent Monthly
1998=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-01 09:00 AM Inflation Rate YoY Prel Nov 3% 3.1% 3.1%
2020-12-15 09:00 AM Inflation Rate YoY Final Nov 3% 3.1% 3%
2021-01-07 09:00 AM Inflation Rate YoY Prel Dec 2.3% 3% 2.6% 2.7%
2021-01-15 09:00 AM Inflation Rate YoY Final Dec 2.4% 3% 2.3% 2.3%
2021-02-15 09:00 AM Inflation Rate YoY Jan 2.4%
2021-03-15 09:00 AM Inflation Rate YoY Feb
2021-04-15 08:00 AM Inflation Rate YoY Mar
2021-04-30 08:00 AM Inflation Rate YoY Prel Apr


News Stream
Poland Inflation Rate Slows Less than Estimated
The annual inflation rate in Poland edged down to 2.4 percent in December 2020 from 3 percent in the previous month, slightly above preliminary estimates of 2.3 percent. The rate fell below the central bank's target of 2.5 percent, hitting its lowest level since May 2019, due to subdued demand amid the pandemic crisis. Prices slowed mostly for food & non-alcoholic beverages (0.8 percent vs 2 percent in November) and miscellaneous goods & services (2.1 percent vs 3.7 percent). In addition, costs fell further for transport (-5.7 percent vs -4.4 percent) and clothing & footwear (-4.1 percent vs -3.4 percent). On a monthly basis, consumer prices edged up 0.1 percent in December, the same pace as in November and in line with earlier estimates.
2021-01-15
Polish Inflation Rate Drops to Over 1-1/2-Year Low
Poland's consumer price inflation is expected to fall to 2.3 percent year-on-year in December 2020, down from 3.0 percent in the previous month and below market expectations of 2.6 percent, a preliminary estimate showed. The rate fell below the central bank's target of 2.5 percent, hitting its lowest level since April 2019, due to subdued demand amid the pandemic crisis. Upward pressure came from both electricity, gas and other fuels (4.6 percent) and food and non-alcoholic beverages (0.7 percent). On the other hand, cost for fuels for personal transport equipment declined sharply (-8.4 percent). On a monthly basis, consumer prices are expected to advance 0.1 percent, missing forecasts of a 0.4 percent rise.
2021-01-07
Polish Inflation Rate Confirmed at 3%
Poland's consumer price inflation was confirmed at 3.0 percent year-on-year in November 2020, down from 3.1 percent in the previous month. Prices rose at a softer pace for food and non-alcoholic beverages (2.0 percent vs 2.4 percent), housing, water, electricity, gas (7.4 percent vs 7.5 percent), and recreation and culture (3.0 percent vs 3.3 percent). At the same time, transport cost continued to fall (-4.4 percent vs -4.6 percent). On a monthly basis, consumer prices edged up 0.1 percent in November, the same pace as in October.
2020-12-15
Poland Inflation Rate Edges Down to 3% in November
The annual inflation rate in Poland dropped to 3 percent in November of 2020 from 3.1 percent in the previous month, a preliminary estimate showed. Prices are set to increase for electricity, gas and other fuels (4.7 percent) and food & non-alcoholic beverages (2 percent). On the other hand, cost of fuels for personal transport equipment is expected to plunge (-9.2 percent). On a monthly basis, consumer prices should remain flat, after increasing 0.1 percent in the previous month
2020-12-01

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.