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%.
Author: Christopher Thomas, Economist