Poland Inflation Eases in October

The annual inflation rate in Poland eased to 3.5% in October 2026, down from 4.1% in the previous month, preliminary estimates showed. The slowdown was primarily driven by falling prices for food and non-alcoholic beverages, which declined by 0.1%. Meanwhile, costs remained elevated for fuels and lubricants for private means of transport, which climbed by 21.7%, while prices for electricity, gas, and other fuels rose by 6.0%. On a monthly basis, consumer prices fell by 0.4% in October, reversing a 0.7% increase in September and marking the first monthly decline after three consecutive months of growth.

The annual inflation rate in Poland rose to 4.1% in September 2026, slightly above the preliminary estimate and up from 3.4% in the previous month. This marked the highest reading since June 2025, as prices accelerated for housing and utilities (5.1% vs. 4.6% in August) and transport (17.9% vs. 11.2%). Costs also rose for alcoholic beverages and tobacco products (6.9% vs. 6.6%). In contrast, price growth eased for recreation, sports, and culture (5.5% vs. 6.5%), restaurants and hotels (4.1% vs. 4.2%), health (4.6% vs. 4.7%), information and communication (3.5% vs. 3.7%), and education (4.5% vs. 5.4%), while inflation held steady for personal hygiene, social protection, and other goods and services at 2.4%. Moreover, deflation deepened for clothing and footwear (-3.7% vs. -2.9%), while it eased for food and non-alcoholic beverages (-0.4% vs. -0.9%). On a monthly basis, consumer prices rose by 0.7% in September, following a 0.3% increase in August.

The annual inflation rate in Poland accelerated to 4.0% year-on-year in September 2026 from 3.4% in the previous month, slightly below market expectations of 4.1%, preliminary estimates showed. This marked the highest reading since June 2025. The increase was driven by faster growth in prices for fuels and lubricants for private means of transport, which surged 36.1%, while prices for electricity, gas, and other fuels rose 4.9%. In contrast, prices for food and non-alcoholic beverages fell 0.5%. On a monthly basis, consumer prices rose 0.7% in September from a 0.3% increase in August.