Poland Inflation April 2019

Poland

Poland: Inflation rises further in April

April 30, 2019

A preliminary estimate released by the Central Statistical Office (GUS) revealed that consumer prices jumped 1.1% over the previous month in April (March: +0.3% month-on-month). April’s reading was led by a jump in prices for fuels for personal transport equipment, as well as by higher prices for food and beverages, and for utilities. Core consumer prices in March—the latest month available—rose 0.4% from a month earlier (February: +0.2% month-on-month).

Inflation rose to an over one-year high of 2.2% in April from 1.7% in March, landing 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 1.4% (February: 1.0%).

All told, annual average inflation was stable at March’s 1.6% in April.

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, Economist

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Poland Inflation Chart


Poland Inflation April 2019

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


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