Poland Inflation Rate Accelerates to 3.4%

The annual inflation rate in Poland picked up to 3.4% in August 2026 from 3.0% in July, coming in above expectations of 3.1%, preliminary estimates showed. This marked the highest inflation rate since June 2025, bringing it close to the upper limit of the central bank’s 2.5% inflation target, which allows for a range of 1.5% to 3.5%. Among subcategories, prices for fuels and lubricants for personal transport equipment surged 24.2%, while electricity, gas and other fuels rose 4.1%. On the other hand, prices for food and non-alcoholic beverages declined by 0.9%. On a monthly basis, consumer prices increased 0.4%, moderating from a 0.8% rise in the previous period.

The annual inflation rate in Poland accelerated to 3.0% year-on-year in July 2026 from 2.5% in the previous month, confirming preliminary estimates. The pickup was mainly driven by faster price growth for transport (7.0% vs 1.3% in June), reflecting a sharp rebound in transport costs, and alcoholic beverages and tobacco (6.9% vs 6.5%). Inflation also accelerated for information and communication (5.2% vs 4.0%) and recreation, sport and culture (5.4% vs 5.2%). In contrast, prices continued to decline for clothing and footwear (-3.6% vs -3.1%), while inflation eased for housing and utilities (4.5% vs 4.9%), health (4.9% vs 5.0%), education services (5.3% vs 6.0%), and restaurants and accommodation services (4.2% vs 4.5%). Food prices remained in deflation (-0.4% vs -0.2%). On a monthly basis, consumer prices rose 0.8%, rebounding from a 0.5% decline in June.

The annual inflation rate in Poland accelerated to 3.0% year-on-year in July 2026 from 2.5% in the previous month, according to preliminary estimates. The increase was mainly driven by faster price growth for fuels and lubricants for private means of transport (15.8%), while inflation for electricity, gas, and other fuels also accelerated to 4.0%. Meanwhile, prices for food and non-alcoholic beverages declined by 0.4%. On a monthly basis, consumer prices rose 0.8% in July, rebounding from a 0.5% decline in June and returning to growth after posting declines in the previous two months.