Poland Inflation January 2021

Poland

Poland: Inflation hits two-month high in January

February 15, 2021

Consumer prices increased 1.20% in January over the previous month, picking up from December's 0.10% rise, according to a preliminary reading. January's figure marked the sharpest increase in prices since January 2011 and largely reflected higher dwelling prices.

Inflation inched up to 2.7% in January, from December’s 2.4%, marking the highest inflation rate since November 2020. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.3% in January (December: 3.4%).

FocusEconomics panelists project inflation to average 2.4% in 2021, which is unchanged from last month’s forecast, and 2.4% in 2022.


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Poland Inflation January 2021

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


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