Poland's annual inflation rate was confirmed at 2.6 percent in June 2019, the highest since November 2012 and compared to 2.4 percent in the previous month. Upward pressure came from: food and non-alcoholic beverages (5.7 percent vs 5 percent); housing, water, electricity, gas (1.7 percent vs 1.6 percent); recreation and culture (3.4 percent vs 2.9 percent); alcoholic beverages and tobacco (1.5 percent vs 1.4 percent); and miscellaneous goods and services (1.4 percent vs 1.2 percent). On the other hand, transport inflation eased to 1.4 percent from 1.7 percent in May, while clothing prices continued to fall (-1.6 percent vs -1.9 percent). On a monthly basis, consumer prices rose 0.3 percent in June, after a 0.2 percent gain in May. Inflation Rate in Poland averaged 8.28 percent from 1992 until 2019, 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 1.90 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 1.80 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.