Poland Inflation August 2021


Poland: Inflation comes in at highest level in over 20 years in August

September 15, 2021

Consumer prices rose 0.30% from the previous month in August, coming in below July's 0.40% increase. Looking at the details of the release, prices for food and non-alcoholic beverages was broadly steady in August while growth in prices for transport moderated.

Inflation increased to 5.5% in August from July’s 5.0%. August's result was the highest inflation rate since June 2001. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.7% in August (July: 3.4%). Finally, core inflation ticked up to 3.9% in August, from the previous month's 3.7%.

FocusEconomics panelists project inflation to average 4.2% in 2021, which is up 0.3 percentage points from last month’s forecast, and 3.4% in 2022.


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Poland Inflation Chart

Poland Inflation August 2021 2

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

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