Poland Inflation Slips too 2.5% in November 2025 – Lowest Level in 18 Months
Table of Contents
- 1. Poland Inflation Slips too 2.5% in November 2025 – Lowest Level in 18 Months
- 2. Key Takeaways
- 3. How Prices Shifted in November
- 4. Why the Drop Matters
- 5. Looking Ahead
- 6. How did the shift from a centrally-planned economy to a market-oriented system in the early 1990s specifically contribute to inflationary pressures in Poland?
- 7. Wikipedia‑style Context: History of Inflation in Poland
– Poland’s consumer‑price index (CPI) fell to 2.5 percent year‑on‑year in November, according to the latest release from the Central Statistical Office (GUS). The drop marks the first sub‑2.5 percent reading as mid‑2024 and comes ahead of the National Bank of Poland’s (NBP) inflation target band of 1.5‑3.5 percent.
Key Takeaways
- Annual CPI: 2.5 % (down from 2.8 % in October).
- Economists had forecast a 2.6 % reading; early GUS estimates hinted at 2.4 %.
- Service prices rose 5.3 % year‑on‑year,while goods increased 1.4 %.
- Month‑to‑month price growth slowed to 0.1 %.
How Prices Shifted in November
| Category | Year‑on‑Year Change | Month‑on‑Month Change |
|---|---|---|
| services (overall) | +5.3 % | 0.0 % |
| Goods (overall) | +1.4 % | +0.1 % |
| Transport | ‑2.3 % (vs. last year) | +1.1 % (vs. October) |
| Food & Beverages | +2.3 % | +0.1 % |
| Housing | +2.9 % | ≈0 % |
| Clothing & Footwear | ‑2.1 % (vs. last year) | ‑0.5 % (vs. October) |
Transport and food prices were the main drivers of the modest month‑to‑month rise, while recreation, culture and apparel saw slight declines.
Why the Drop Matters
The November figure aligns neatly with the NBP’s “price stability” objective, which considers inflation around 2.5 % as optimal for monetary policy. A lower CPI eases pressure on interest‑rate decisions and supports household purchasing power.
Analysts note that the November slowdown follows a sharp surge in the second half of 2024, when inflation briefly topped 4 % amid energy price volatility and supply‑chain constraints.
Looking Ahead
The NBP is expected to keep the benchmark interest rate steady through early 2026, citing the “comfortably within‑target” inflation reading. However, external shocks-especially energy market swings-coudl rekindle upward pressure.
For a deeper dive into the methodology behind the GUS release, see the official GUS inflation portal. The Reuters coverage offers a concise market‑focused analysis, while the National Bank of Poland details the target framework and policy implications.
How did the shift from a centrally-planned economy to a market-oriented system in the early 1990s specifically contribute to inflationary pressures in Poland?
Wikipedia‑style Context: History of Inflation in Poland
Poland’s inflation story is rooted in its transition from a centrally‑planned economy to a market‑oriented system in the early 1990s
