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.