Poland Inflation December 2017


Poland: Inflation moderates in December

January 8, 2018

According to a flash estimate released by the Central Statistical Office on 3 January, consumer prices increased 0.2% in December, down from November’s 0.5%, which had marked the fastest increase in 11 months. A breakdown by category is not yet available; it will be made available on 15 January.

In December, inflation came in at 2.0%, below November’s 2.5% reading, which had marked a five-year high. The result was within the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Conversely, annual average inflation rose to an over four-year high of 2.0%, from 1.9% a month earlier.

Core consumer prices grew by 0.1% over the previous month in November (the last month for which data is available), down from October’s 0.3% rise. Meanwhile, core inflation inched up to 0.9% from 0.8% a month earlier.

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%.

Author: Massimo Bassetti, Senior Economist

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Poland Inflation Chart

Poland Inflation December 2017

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

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