Poland Inflation April 2018


Poland: Inflation re-enters NBP's target range in April

May 2, 2018

Consumer prices rose 0.5% on a monthly basis in April, contrasting March 0.1% drop. April’s result was driven almost entirely by higher fuel prices, while food prices rose modestly. Utility prices were unchanged from a month earlier.

Inflation ticked up from 1.3% to 1.6%, reversing four consecutive months of easing and returning to within the Central Bank’s target band of 2.5% plus/minus 1.0 percentage point. Meanwhile, annual average inflation edged down to 1.8% from 1.9%.

In March, the latest month for which data is available, core consumer prices were flat from a month earlier, in line with February’s reading. Core inflation inched down to 0.7% from February’s 0.8%.

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%.


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Poland Inflation Chart

Poland Inflation April 2018

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

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