Producer prices in Poland increased 3.2 percent year-on-year in October of 2018, following an upwardly revised 3.0 percent rise in the prior month and above estimates of a 3 percent gain. It is the highest producer inflation since July, as prices advanced faster for: manufacturing (3.5 percent vs 3.1 percent in September), driven by petroleum products (30.3 percent) and basic metals (5.4 percent); electricity, gas, steam & air conditioning supply (1.8 percent vs 1.4 percent) and supply of water & waste management (1.5 percent vs 1.1 percent). Contrastingly, cost slowed markedly for mining & quarrying (1.2 percent vs 4.7 percent), with a 6.6 percent decline in mining of metal ores prices offsetting a 4.1 percent rise in those of coal and lignite. On a monthly basis, producer prices went up 0.5 percent, the same pace as in September. Producer Prices Change in Poland averaged 8.56 percent from 1991 until 2018, reaching an all time high of 57.60 percent in January of 1991 and a record low of -2.80 percent in January of 2015.
Producer Prices Change in Poland is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Poland to stand at 2.20 in 12 months time. In the long-term, the Poland Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.