Poland Inflation April 2017


Poland: Inflation steady in April

May 15, 2017

Consumer prices increased 0.3% in April over the prior month, contrasting March’s 0.1% drop. The increase was driven by higher prices for clothing and footwear, which was slightly offset by lower prices for alcoholic beverages and tobacco and fuel for personal transport.

Inflation came in at 2.0% in April, matching March’s reading. Inflation is thus within the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices rose to 0.4% in April from 0.1% in March, the highest reading since August 2014.

Core consumer prices rose 0.6% in April from the previous month, above March’s 0.2%. Core inflation was 0.9% (March: 0.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2017, which is up 0.1 percentage points from last month’s projection. In 2018, the panel also expects inflation to average 2.0%.

Author: Marlène Rump, Senior Data Analyst

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Poland Inflation Chart

Poland Inflation April 2017 0

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

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