Latest reading: Inflation came in at 3.3% in June, down from May’s 3.5%. June’s result represented the weakest inflation rate...
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 rises in June
Latest reading: Inflation came in at 4.1% in June, above May’s 4.0% and the 3.5% upper bound of the Central Bank’s target range. The uptick was largely due to a softer fall in transport costs compared to the prior month. Meanwhile, price pressures for food and energy softened. Annual average inflation rose to 4.6% in June from 4.5% in May. Finally, consumer prices increased 0.10% month on month in June after having fallen 0.20% in May.
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.
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