Poland Inflation May 2018


Poland: Inflation edges higher in May

May 30, 2018

Consumer prices grew 0.1% on a monthly basis in May, easing from April’s 0.5% rise. May’s result was driven entirely by higher fuel prices, while food and utility prices ticked down marginally.

Inflation edged higher to 1.7% from 1.6%, remaining within the Central Bank’s target band of 2.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation was stable from a month earlier at 1.8%.

In April, the latest month for which data is available, core consumer prices rose 0.5% from a month earlier, contrasting March’s flat reading. Core inflation inched down to 0.6% from March’s 0.7%.

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%.


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Poland Inflation Chart

Poland Inflation May 2018

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

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