Poland Inflation May 2021

Poland

Poland: Inflation comes in at highest level in nine-and-a-half years in May

June 1, 2021

Consumer prices increased 0.30% over the previous month in May, a smaller increase than the 0.80% rise recorded in April according to a preliminary reading. May's result marked the softest rise in prices since December 2020 and was largely driven by falling prices for fuels for personal transport equipment.

Inflation rose to 4.8% in May, following April’s 4.3%. May's result was the highest inflation rate since November 2011. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.2% in May (April: 3.0%).

FocusEconomics panelists project inflation to average 3.3% in 2021, which is up 0.3 percentage points from last month’s forecast, and 2.4% in 2022.


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Poland Inflation May 2021

Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).


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