Poland Inflation May 2016


Fall in annual consumer prices moderates slightly in May
May 31, 2016

According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 May, consumer prices in May increased 0.1% over the previous month, which was below the 0.3% increase recorded in April and expected by market analysts.

In annual terms, consumer prices dropped 1.0% in May, which followed the 1.1% fall recorded in April. However, inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, annual average inflation stabilized at April’s minus 0.8%. More detailed data concerning consumer prices will be published on 13 June.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.3% in 2016, which is unchanged from last month’s projection. In 2017, the panel expects inflation to average 1.5%.


Poland Inflation Chart

Note: Annual and monthly variation of consumer price index in %.
Source: Central Statistical Office (GUS).