Annual inflation rate in Poland increased to 3.2 percent in September of 2020 from 2.9 percent in August, and in line with the preliminary estimate. It is the highest rate in three months as prices rose faster for housing and utilities (7.3 percent vs 7.2 percent) and recreation and culture (3.6 percent vs 2.2 percent). However, inflation slowed for food and non-alcoholic beverages (2.8 percent vs 3 percent), alcoholic beverages and tobacco (4.7 percent vs 4.8 percent) and restaurants and hotels (5.3 percent vs 5.7 percent). Also, prices continued to fall for clothing and footwear (-2 percent vs -1.9 percent) and transport (-4.9 percent vs -7.1 percent). On a monthly basis, consumer prices increased 0.2 percent after a 0.1 percent drop in August.
Inflation Rate in Poland averaged 8.06 percent from 1992 until 2020, reaching an all time high of 46.50 percent in April of 1992 and a record low of -1.60 percent in February of 2015. This page provides the latest reported value for - Poland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Poland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Central Statistical Office of Poland (GUS)
Inflation Rate in Poland is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Poland to stand at 1.50 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 1.60 percent in 2021 and 1.90 percent in 2022, according to our econometric models.