Poland: Inflation drops to five-month low in January
March 5, 2018
Consumer prices increased 0.3% in January, slightly above December’s 0.2% rise. January’s result was driven by an increase in the prices for food and non-alcoholic beverages and for health, which more than offset lower prices for clothing and footwear and transport.
In January, inflation came in at a five-month low of 1.9%, below December’s 2.1%. It thus moved further away from November’s five-year high of 2.5% reading and remained within the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Meanwhile, annual average inflation remained stable at December’s 2.0%.
Core consumer prices grew by 0.1% over the previous month in December (the last month for which data is available), matching November’s print. Meanwhile, core inflation remained at the prior month’s 0.9%.
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%.