Inflation Poland 1998
Average inflation: 11.9%
Inflation in 1998
Inflation is very high at 11.9%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 14.2%. The lowest inflation was in December at 8.6%.
- Highest month
- February: 14.2%
- Lowest month
- December: 8.6%
- Difference
- 5.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 9.5 percentage points lower than the 5-year average of 21.4%. This approaches the lowest level since records began (11.9% in 1998).
- 5-year average
- 21.4%
- 10-year average
- 32.1%
- All-time high (1991)
- 71.6%
- All-time low (1998)
- 11.9%
Trend
Over the period 1996-1998, inflation shows a downward trend. Compared to 1997, inflation has fallen by 3.0 percentage points.
- Change vs. previous year
- -3.0 percentage points
- Largest monthly swing
- December: -4.6 percentage points
ECB Target
Inflation is 9.9 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for PLN 100 this year will cost approximately PLN 111.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 13.6% | -4.2 |
| February | 14.2% | -3.1 |
| March | 13.9% | -2.7 |
| April | 13.7% | -1.6 |
| May | 13.3% | -1.3 |
| June | 12.2% | -3.1 |
| July | 11.9% | -3.0 |
| August | 11.3% | -3.2 |
| September | 10.6% | -3.0 |
| October | 9.9% | -3.2 |
| November | 9.2% | -4.0 |
| December | 8.6% | -4.6 |
| Average | 11.9% |
Data source
Data from OECD. Last updated: 17/12/2025.