Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May’s figure represented the weakest inflation...
Inflation in Poland
In the year 2024, the inflation in Poland was 3.65%, compared to -0.02% in 2014 and 11.57% in 2023. It averaged 3.86% over the last decade. For more inflation information, visit our dedicated page.
Poland Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Poland from 2024 to 2023.
Source: Macrobond.
Poland Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.4 | 5.1 | 14.3 | 11.6 | 3.6 |
| Inflation (CPI, ann. var. %, eop) | 2.4 | 8.6 | 16.6 | 6.2 | 4.7 |
| Inflation (Core, ann. var. %, eop) | 3.7 | 5.3 | 11.5 | 6.9 | 4.0 |
Inflation eases in May
Latest reading: Inflation came in at 4.1% in May, below April’s 4.3% but above the 3.5% upper bound of the Central Bank’s target range. Looking at the details of the release, energy price pressures remained stable for the fourth straight month, transportation prices fell at the quickest pace in almost two years, and price growth for food strengthened. Annual average inflation rose to 4.5% in May from 4.3% in April. Finally, consumer prices fell 0.20% month on month in May after having risen 0.40% in April.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Polish inflation projections for the next ten years from a panel of 38 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Polish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Polish inflation projections.
Want to get access to the full dataset of Polish inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Lithuania: Harmonized inflation dips in May -
Netherlands: Harmonized inflation falls in May Latest reading: Harmonized inflation came in at 2.9% in May, which was down from April’s 4.1%. May’s reading represented the... -
Estonia: Harmonized inflation rises in May Latest reading: Harmonized inflation increased to 4.6% in May, following April’s 4.4%. The reading was driven by stronger price pressures... -
Austria: Harmonized inflation falls to lowest level since December 2024 in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.3%. May’s reading represented the lowest inflation... -
Belgium: Harmonized inflation eases in May Latest reading: Harmonized inflation dropped to 2.8% in May, from April’s 3.1%. May’s figure marked the lowest inflation rate since... -
Latvia: Harmonized inflation decreases in May Latest reading: Harmonized inflation edged down to 3.7% in May, from April’s 4.0%, largely due to the sharpest fall in... -
South Africa: Inflation remains unchanged, below target as expected in May Latest reading: Inflation was stable at April’s 2.8% in May, in line with market expectations. Inflation thus remained below the...