The annual inflation rate in Poland fell to 3.4 percent in April of 2020 from 4.6 percent in the previous month, matching a preliminary reading and market expectations. It was the lowest inflation rate since December, amid the effects of lockdown measures to curb the spread of the coronavirus. Prices slowed mostly for food & non-alcoholic beverages (7.4 percent vs 8 percent in March); recreation & culture (2 percent vs 2.5 percent) and miscellaneous goods & services (1.5 percent vs 2.6 percent). In addition, lower costs were recorded for transport (-9.9 percent vs -1.4 percent) and clothing & footwear (-3.4 percent vs -1.7 percent). On the other hand, inflation remained sharp for housing & utilities (at 7.5 percent) while it quickened for alcoholic beverages & tobacco (4.9 percent vs 4.3 percent) and health (4.4 percent vs 2.2 percent).On a monthly basis, consumer prices dropped 0.1 percent, instead of being flat and after increasing 0.2 percent in the previous month.
Inflation Rate in Poland averaged 8.13 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 May of 2020. source: Central Statistical Office of Poland (GUS)
Inflation Rate in Poland is expected to be 2.40 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 1.20 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 3.60 percent in 2021 and 2.50 percent in 2022, according to our econometric models.