Poland Inflation December 2018


Poland: Inflation slips in December

January 15, 2019

A comprehensive estimate released by the Central Statistical Office (GUS) confirmed 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 were also stable from a month earlier (November: -0.1% month-on-month).

Inflation was confirmed at 1.1%, down from 1.3% in November and 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 0.6% (November: 0.7%).

All told, annual average inflation landed at 1.6% in 2018.

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%.


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Poland Inflation Chart

Poland Inflation December 2018

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

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