Poland: Inflation slips in December
January 4, 2019
A flash estimate released by the Central Statistical Office (GUS) revealed that consumer prices were stable from a month earlier in December (November: +0.0% month-on-month). December’s flat reading saw higher food and beverage prices offset by lower fuel costs. Core consumer prices fell 0.1% month-on-month in November—the latest month for which data is available.
Inflation fell to 1.1% from 1.3% in November, 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 dipped to 0.7% in November.
Meanwhile, annual average inflation landed at 1.6% in December.
Poland Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 2.4%.
Author: Christopher Thomas, Economist