The annual inflation rate in Poland fell to 1.1 percent in December of 2018 from 1.3 percent in November, matching market expectations. It is the lowest inflation rate since December of 2016, mainly due to a slowdown in cost of transport (4 percent vs 6.1 percent in November) and alcoholic beverages & tobacco (1.4 percent vs 1.7 percent). Also, inflation was flat for housing & utilities (1.9 percent), health (2.9 percent) and education (3 percent) and prices continued to fall for miscellaneous goods & services (-0.1 percent vs -0.2 percent), clothing & footwear (-2.7 percent, the same as in November) and communication (-6.1 percent vs -5.9 percent). On the other hand, cost increased slightly more for food & non-alcoholic beverages (0.9 percent vs 0.7 percent). On a monthly basis, consumer prices were flat, the same as in the previous month and below forecasts of 0.1 percent. Inflation Rate in Poland averaged 8.40 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 2.50 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 2.80 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.