Poland Inflation October 2021


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

November 15, 2021

Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase. October's result marked the highest reading since January. The acceleration was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities rose at a stronger rate.

Inflation came in at 6.8% in October, up from September’s 5.9%. October's figure represented the highest inflation rate since May 2001. Annual average inflation rose to 4.2% in October (September: 3.9%). Finally, core inflation rose to 4.5% in October, from September’s 4.2%.

FocusEconomics panelists project inflation to average 4.2% in 2022, which is up 0.5 percentage points from last month’s forecast, and 3.2% in 2023.


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Poland Inflation Chart

Poland Inflation October 2021

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

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