Poland Inflation January 2019


Poland: Inflation dips in January

February 15, 2019

A preliminary estimate released by the Central Statistical Office (GUS) revealed that consumer prices were nearly stable from a month earlier in January (January: +0.1% month-on-month; December: +0.0% month-on-month). January’s nearly flat reading saw higher food and beverage prices offset by sharply lower fuel costs. Core consumer prices in December—the latest month available—were stable from a month earlier (November: -0.1% month-on-month).

Inflation eased to 0.9%, down from 1.1% in December and landing below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. For its part, core inflation in December dipped to 0.6% (November: 0.7%).

All told, annual average inflation was stable from December at 1.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2019, which is down 0.2 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 2.5%.


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