Poland Inflation March 2018


Poland: Inflation declines further in March

April 19, 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 March, matching February’s reading. Meanwhile, core inflation inched down to 0.7% from February’s 0.8%.

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%.

Author: Massimo Bassetti, Senior Economist

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Poland Inflation Chart

Poland Inflation March 2018 0

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

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