The annual inflation rate in Poland rose 3.4 percent in December 2019 from 2.6 percent in the previous month, matching a preliminary estimate and market expectations. It was the highest inflation rate since October 2012, as prices went up further for food & non-alcoholic beverages (6.9% vs 6.5% in November); miscellaneous goods & services (3.2% vs 1.5%); health (3.2% vs 3.1%); alcoholic beverages & tobacco (1.6% vs 1.3%); restaurant & hotels (5.4% vs 5.3%); furniture & household equipment (0.4% vs 0.3%); and communication (4.3% vs 3.7%). In addition, cost of transport rebounded (0.5% vs -3.4%). Also, prices of clothing & footwear declined less (-1.2% vs -1.8%). Meantime, inflation was steady for housing & utilities (at 2%); recreation & culture (at 3.6%); and education (at 4.6%). On a monthly basis, consumer prices advanced 0.8 percent, after a 0.1 percent gain in November. Considering 2019 as a whole, the inflation rate was at 2.3 percent. Inflation Rate in Poland averaged 8.18 percent from 1992 until 2019, 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. source: Central Statistical Office of Poland (GUS)
Inflation Rate in Poland is expected to be 2.30 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 1.90 in 12 months time. In the long-term, the Poland Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.