Poland Inflation May 2017


Poland: Inflation inches down in May

June 12, 2017

Consumer prices were unchanged in May from the prior month, below April’s 0.3% increase. The result was driven by higher prices for food and beverages and communication, which were offset by lower prices for transportation and clothing and footwear.

Inflation came in at 1.9% in May, matching the preliminary estimate (April: 2.0%). Inflation is thus within the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices rose to 0.6% in May from 0.4% in April, the highest reading since June 2014.

Core consumer prices declined 0.1% in May from the previous month, contrasting April’s 0.6% increase. Core inflation was 0.8% (March: 0.9%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2017, which is unchanged from last month’s projection. In 2018, the panel also expects inflation to average 2.0%.

Author: Marlène Rump, Senior Data Analyst

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Poland Inflation Chart

Poland Inflation May 2017 0

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

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