The annual inflation rate in Poland rose to 2.2 percent in April 2019 from 1.7 percent in the previous month and in line with a preliminary estimate and market expectations. It was the highest inflation rate since November 2017, as prices increased further for food & non-alcoholic beverages (3.3 percent from 2.6 percent in March); housing & utilities (1.6 percent from 1.0 percent); transport (4.8 percent from 3.5 percent); recreation & culture (2.4 percent from 1.9 percent); health (3.0 percent from 2.9 percent); miscellaneous goods & services (1.5 percent from 0.7 percent); and restaurant & hotels (3.8 percent from 3.6 percent). Meanwhile, cost eased for alcoholic beverages & tobacco (1.1 percent from 1.5 percent); furniture & household equipment (1.0 percent from 1.1 percent); and education (3.0 percent from 3.1 percent). On a monthly basis, consumer prices went up 1.1 percent, after a 0.3 percent gain and matching a preliminary estimate and market consensus. Inflation Rate in Poland averaged 8.31 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.
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 1.70 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.