Poland: Inflation declines further in March
April 5, 2018
Consumer prices dropped 0.1% in March, following February’s 0.2% drop. March’s result was driven by a decrease in the prices for fuels and electricity and gas.
In March, inflation decreased for the fourth consecutive month and came in at an over one-year low of 1.3%, marginally below February’s 1.4%. It thus moved further below the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Meanwhile, annual average inflation was stable in March at February’s 1.9%.
Core consumer prices remained flat over the previous month in February (the last month for which data is available), following January’s 0.1% decline. Meanwhile, core inflation slowed to 0.8% from January’s 1.0%.
Poland Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2018, which is up 0.1 percentage points from last month’s projection. In 2019, the panel expects inflation to average 2.4%.