Poland Inflation May 2017

Poland

Poland: Inflation inches down in May

May 31, 2017

According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 May, consumer prices were stable from the previous month in May, which followed April’s 0.3% increase. A breakdown of the components is not yet available, but flat consumer price growth was likely due to stable prices for commodity prices in the global markets.

Inflation came in at 1.9% in May, easing from April’s 2.0% result. The figure remains firmly entrenched within the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. The GUS will publish more detailed data concerning consumer prices on 12 June.

The Central Bank foresees inflation of 2.0% for both 2017 and 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2017, which is up 0.1 percentage points from last month’s projection. In 2018, the panel also expects inflation to average 2.0%.


Author: Marlène Rump, Senior Data Analyst

Sample Report

Looking for forecasts related to Inflation in Poland? Download a sample report now.

Download

Poland Inflation Chart


Poland Inflation May 2017

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


Poland Economic News

More news

Search form