Poland Inflation August 2018


Poland: Inflation stable in August

September 13, 2018

Consumer prices were stable from a month earlier in August, on the heels of a 0.2% month-on-month drop in July. August’s reading showed higher services prices offset by lower goods prices—including food, as well as clothing and footwear. Core consumer prices ticked up 0.1% on a month-on-month basis (July: -0.1% month-on-month).

Inflation was stable for another month at 2.0% in August, remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point. Core inflation rose to 0.9% from 0.6% in July, while annual average inflation was unchanged at 1.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2018, which is up 0.1 percentage points from last month’s projection. In 2019, the panel sees inflation averaging 2.4%.


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Poland Inflation Chart

Poland Inflation August 2018 0

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

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