Inflation in Poland

Poland - Inflation
Inflation drops in Decemberr
Inflation came in at 16.6% in December, which was down from November’s 17.5%. Looking at the details of the release, softer price pressures were recorded for electricity, gas and other fuels and fuels for personal transport equipment.
The trend pointed up, with annual average inflation coming in at 14.3% in December (November: 13.6%).
Lastly, consumer prices increased 0.20% in December over the previous month, slowing from the 0.70% rise recorded in November.
FocusEconomics panelists project inflation to average 7.4% in 2023, which is up 0.5 percentage points from last month’s forecast, and 4.9% in 2024.
Poland - Inflation Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %) | -0.9 | -0.6 | 2.0 | 1.6 | 2.3 |
Poland Inflation Chart

Source: Central Statistics Office.
Poland Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 2.07 | -0.30 % | Dec 31 |
Exchange Rate | 3.79 | -0.53 % | Jan 01 |
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Economic News
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Poland: Retail sales growth drops to over one-year low in December
January 25, 2023
Retail sales rose 15.5% year on year in December (November: +18.4% yoy).
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Poland: Business sentiment ticks up in January
January 25, 2023
Business confidence rose to minus 18.2 in January from December's minus 19.5.
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Poland: Industrial output growth falls to over one-year low in December
January 24, 2023
Industrial output increased 1.0% in year-on-year terms in December, which was a deterioration from November's 4.5% increase.
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Poland: Inflation drops in Decemberr
January 5, 2023
Inflation came in at 16.6% in December, which was down from November’s 17.5%.
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Poland: Central Bank stands pat in January
January 5, 2023
At its 3–4 January meeting, the National Bank of Poland (NBP) kept the key reference rate unchanged at 6.75%.