Inflation rate in Poland 2029

In 2023, Poland had an inflation rate of 11.42 percent compared to the previous year. Inflation is the rate at which the average price level of selected goods and services in an economy increases over a period of time, and therefore indicates a loss in purchasing power of the local currency.

Poland’s economy in the fast lane

Poland’s low inflation rate encourages fiscal responsibility on the part of the consumers and coupled with a strong growth in gross domestic product (GDP), the country’s economy is one of the fastest growing in the EU. Over 56 percent of Poland’s GDP comes from its services sector, which had an increase in its business confidence index over the last few years - another indicator of an economy on the rise.

Poland and Germany in the EU

Poland’s biggest import and export partner is its neighbor, Germany. Both countries are influential members of the European Union, a political and economic institution with about 16 percent of the worldwide GDP. They are both among the ten most populous countries of the EU, together claiming over a 100 million of the 512 million inhabitants in the EU.