Poland Inflation October 2020


Poland: Inflation ticks down in October

November 13, 2020

Consumer prices increased 0.10% in October over the previous month, down slightly from the 0.20% increase seen in September. October’s reading largely reflected softer price pressures for transport.

Inflation ticked down to 3.1% in October, from September’s 3.2%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.5% in October (September: 3.4%). Core inflation edged down to 4.2% from the previous month's 4.3%.

FocusEconomics panelists project inflation to average 2.3% in 2021, which is unchanged from last month’s forecast, and 2.4% in 2022, which is up 0.1 percentage points from last month’s forecast.


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Poland Inflation Chart

Poland Inflation October 20 20 0

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

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