Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and...
Inflation in Poland
Consumer price inflation in Poland averaged -0% in the ten years to 2024, in line with the Central & Eastern Europe regional average of -0%. 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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Hong Kong: Inflation moderates in May -
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... -
Japan: Inflation declines to lowest level since November 2024 in May Latest reading: Inflation ticked down to 3.5% in May, from April’s 3.6%. May’s reading marked the weakest inflation rate since... -
Lithuania: Harmonized inflation dips in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May’s figure represented the weakest inflation... -
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...