Poland Inflation December 2017


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%.

Author: Massimo Bassetti, Senior Economist

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Poland Inflation Chart

Poland Inflation December 2017 1

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

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