Poland Inflation March 2019


Poland: Inflation jumps in March

April 17, 2019

According to data released by the Central Statistical Office (GUS), consumer prices rose 0.3% month-on-month in March, following February’s 0.4% jump. The strongest price increases were recorded for clothing and footwear and food non-alcoholic beverages—notably meat. Core consumer prices in March rose 0.4% in month-on-month terms, above February’s 0.2% rise.

Inflation soared to 1.7% in March from 1.2% in February, but remained below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. For its part, core inflation in March increased to an over five-year high of 1.4% (February: 1.0%).

All told, annual average inflation inched up to 1.6% in March from February’s 1.5%.

Poland Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2019, which is down 0.2 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 2.5%.

Author: Massimo Bassetti, Senior Economist

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Poland Inflation Chart

Poland Inflation March 2019 0

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

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