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Poland Inflation May 2021

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

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%).

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