Inflation Poland 2023
Average inflation: 11.6%
Current Inflation
Inflation is very high at 11.6%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 18.4%. The lowest inflation was in December at 6.2%.
- Highest month
- February: 18.4%
- Lowest month
- December: 6.2%
- Difference
- 12.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 15.4%. The lowest price increase was in Transport with an average of 0.8%.
- Highest increase
- Food and non-alcoholic beverages: 15.4%
- Lowest increase
- Transport: 0.8%
Historical Context
Current inflation is 4.3% higher than the 5-year average of 7.3%.
- 5-year average
- 7.3%
- 10-year average
- 3.9%
- All-time high (2022)
- 14.3%
- All-time low (2015)
- -0.9%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- October: -11.3 percentage points
ECB Target
Inflation is 9.6% 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 €100 this year will cost approximately €111.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 16.6% | +7.2 |
| February | 18.4% | +9.9 |
| March | 16.1% | +5.1 |
| April | 14.7% | +2.3 |
| May | 13.0% | -0.9 |
| June | 11.5% | -4.0 |
| July | 10.8% | -4.8 |
| August | 10.1% | -6.0 |
| September | 8.2% | -9.0 |
| October | 6.6% | -11.3 |
| November | 6.6% | -10.9 |
| December | 6.2% | -10.4 |
| Average | 11.6% |
Data source
Data from OECD. Last updated: 10/01/2026.