Producer prices in Poland increased 1.4 percent year-on-year in May of 2019, easing from a 2.6 percent gain in the prior month and against market expectations of 1.6 percent. It was the softest producer inflation since April 2018, as prices advanced at a softer pace for manufacturing (1.1 percent vs 2.2 percent in April); mining & quarrying (0.2 percent vs 5.0 percent) and for electricity, gas, steam & air conditioning supply (4.7 percent vs 5.3 percent). Meanwhile, producer inflation was steady for supply of water & waste management (at 2.5 percent). On a monthly basis, producer prices were up 0.2 percent, following a 0.4 percent gain in April. Producer Prices Change in Poland averaged 8.43 percent from 1991 until 2019, reaching an all time high of 57.60 percent in January of 1991 and a record low of -2.80 percent in January of 2015.
Producer Prices Change 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 Producer Prices Change in Poland to stand at 2.10 in 12 months time. In the long-term, the Poland Producer Prices Change is projected to trend around 2.30 percent in 2020, according to our econometric models.