Inflation in Poland

Poland Harmonized Inflation | Economic News & Forecasts

Poland - Harmonized Inflation

Inflation jumps again in February

Consumer prices rose 0.3% over the previous month in February, which came in a notch below the 0.4% increase in January. According to the Central Statistical Office (GUS), February’s increase was broad-based, with prices climbing across the majority of the categories and only costs of clothing and footwear decreasing significantly. Notable was a sharp increase in food prices, with a bad harvest driving vegetable prices up in many Eastern European countries.

Inflation jumped to 2.2% in February, the highest rate in more than four years (January: 1.7%) and 0.1 percentage points above market expectations. With February’s rise, the inflation rate moved even closer to the Central Bank’s target of 2.5% and now sits comfortably within its tolerance margin of plus/minus 1.0 percentage point.

Meanwhile, annual average variation in consumer prices came in at minus 0.1% in February, above January’s minus 0.4%. Core consumer prices inched up 0.1% over the previous month. Core inflation was 0.3% in February, slightly higher than January’s 0.2% reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.8% in 2017, which is up 0.2 percentage points from last month’s projection. In 2018, the panel expects inflation to average 2.0%.

Poland - Harmonized Inflation Data

2011  2012  2013  2014  2015  
Inflation Rate (HICP, annual variation in %)3.9  3.7  0.8  0.1  -0.7  

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Poland Harmonized Inflation Chart

Poland Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Statistics Office.

Poland Facts

Bond Yield3.54-0.76 %Mar 27
Exchange Rate3.91-0.98 %Mar 27
Stock Market58,339-1.24 %Mar 27

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