Poland: Inflation moderates in December
January 17, 2018
Consumer prices increased 0.2% in December, below November’s 0.5% rise, which marked the fastest increase in 10 months. December’s result was driven by an increase in the prices for food and non-alcoholic beverages and for transport equipment, which more than offset lower prices for clothing and footwear.
In December, inflation came in at 2.1%, below November’s five-year high of 2.5% reading and within the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Moreover, 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, matching November’s print. Meanwhile, core inflation remained at the prior month’s 0.9%.
Poland Inflation Forecast
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%.