Latest reading: Consumer prices were flat year on year in June, contrasting May’s 0.1% year-on-year decline and market expectations for...
Inflation in Poland
Consumer price inflation in Poland averaged 3.9% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 3.6%. For more information on inflation, 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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Switzerland: Consumer prices are unchanged in June -
Peru: Inflation remains muted in June Latest reading: Inflation came in at 1.7% in June, matching May’s result and in line with the Central Bank’s 1.0–3.0%... -
Kazakhstan: Inflation increases to a near two-year high in June Latest reading: Inflation rose to 11.8% in June, above May’s 11.3%, marking the highest inflation rate since August 2023, and... -
Kenya: Inflation flatlines below midpoint of the target range in June Latest reading: Inflation was stable at May’s 3.8% in June, remaining below the midpoint of the Central Bank’s 2.5–7.5% target... -
Australia: Inflation nears target floor in May Latest reading: Inflation dropped to 2.1% in May after having stood at 2.4% for a third consecutive month in April.... -
Hong Kong: Inflation moderates in May Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and... -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central...