March 2024 Sees Polish Inflation Drop to 1.9%, Lowest in Five Years

Poland's inflation rate for March 2024 fell to 1.9% year-over-year, the lowest since 2019, significantly below analysts' expectations of 2.2% and down from February's 2.8%. This decline is primarily due to cheaper food and lower energy prices. Economists predict a potential increase in inflation starting in April due to tax changes and the end of protective measures, but for now, the rate remains comfortably below the National Bank of Poland's target of 2.5%.

Overall, this decrease is good news for consumers, indicating economic stabilization and relief from high inflation rates seen in previous years. However, there are cautions about a potential rise in the coming months.

For more details, read the full report here.