Poland Inflation October 2018


Poland: Inflation slows in October

November 14, 2018

Consumer prices rose 0.4% from a month earlier in October, following a 0.2% month-on-month increase in September. October’s reading was driven largely by higher food prices, as well as higher prices for clothing and footwear amid the back-to-school season. Core consumer prices were flat month-on-month in September—the latest month for which data is available.

Inflation dipped to 1.8% from 1.9% in September, remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. Core inflation edged down to 0.8% in September, while annual average inflation was stable from a month earlier at 1.8% in October.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is unchanged from last month’s projection. For 2020, the panel also sees inflation averaging 2.4%.


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Poland Inflation Chart

Poland Inflation October 2018

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

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