Latest reading: Inflation inched up to 0.2% in July, slightly above June’s 0.1% and market expectations of 0.1%. Prices rose...
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 falls within target in July
Latest reading: Inflation fell to 3.1% in July from June’s 4.1%, coming in within the Central Bank’s 1.5–3.5% target range for the first time in over a year. The downtick was due to a sharp drop in price pressures for energy, as last year’s partial phasing out of energy price subsidies fell out of the base of comparison. Moreover, price pressures for food softened slightly from the prior month. Meanwhile, July marked a softer fall in transport costs compared to June. Annual average inflation fell to 4.5% in July from 4.6% in June. Finally, consumer prices increased 0.30% month on month in July after having risen 0.10% in June.
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 37 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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