Producer prices in Poland increased 2.2 percent year-on-year in December of 2018, after an upwardly revised 2.8 percent gain in November and against market consensus of a 2.6 percent rise. It is the lowest producer inflation since April, as prices went up less for manufacturing (2.2% vs 2.8% in November); mining & quarrying (1.5% vs 2.0%) and water supply, sewerage, waste management & remediation activities (1.5% vs 1.6%). In contrast, cost continued to advance for electricity, gas, steam & air conditioning supply (3.1% vs 2.9%). On a monthly basis, producer prices went down 0.9 percent, following a downwardly revised 0.4 percent drop in the prior month. Producer Prices Change in Poland averaged 8.52 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 2.30 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 2.00 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.