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Poland Inflation April 2020

Poland: Inflation drops on plunging energy prices in April

Consumer prices remained unchanged over the previous month in April, following March’s 0.2% uptick, according to provisional data released by the Poland’s Statistical Institute (GUS). Higher prices for food and non-alcoholic beverages offset plunging prices for fuels for private means of transport. Core consumer prices in March (the latest month for which data is available) grew 0.5% in month-on-month terms, down from March’s 0.6% rise.

Inflation fell from 4.6% in March to 3.4% in April, and thus moved just below the upper bound of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. For its part, core inflation came in at 3.6% in March (the latest month for which data is available), matching February’s reading, which had marked the highest print since April 2002.

All told, annual average inflation inched up from March’s 3.1% to 3.2% in April, the highest reading since February 2013.

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