The annual inflation rate in Poland accelerated to 13.9 percent in May of 2022 from 12.4 percent in the previous month, the highest since October of 1997 and in line with preliminary estimates. Main upward pressure came from transportation (25.8 percent vs 21.1 percent in April), housing and utilities (22 percent vs 19.5 percent), and food and non-alcoholic beverages (13.5 percent vs 12.7 percent), amid surging energy and grain prices due to the war in Ukraine. Significant increases were also seen for furnishings and household maintenance (9.7 percent vs 8.6 percent percent) and restaurant and hotels (15.7 percent vs 14.1 percent). On a monthly basis, consumer prices rose 1.7 percent, slightly easing from the 2 percent increase in the previous period. source: Central Statistical Office of Poland (GUS)
Inflation Rate in Poland averaged 7.96 percent from 1992 until 2022, 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 June of 2022.
Inflation Rate in Poland is expected to be 14.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland Inflation Rate is projected to trend around 6.40 percent in 2023 and 5.40 percent in 2024, according to our econometric models.