Industrial producer prices rose by 1.7% year on year in June 2026, while falling by 0.2% compared with May. This was the fourth consecutive month of positive annual growth, following two years of producer price deflation that had continued uninterrupted since July 2023. Polish industry is emerging from a period of falling factory-gate prices.
Two years of producer price deflation come to an end
Industrial prices had been falling steadily on an annual basis since July 2023. The rate stood at -2.5% in December 2025 and declined further to -2.6% in January 2026. The trend reversed sharply from February: the index moved into positive territory in March (+1.2%), accelerated to +2.1% in April and +2.4% in May, and then eased slightly to +1.7% in June. The March 2026 jump was also visible in the month-on-month data, with prices rising by 3.0% compared with February – the strongest monthly increase in the entire period shown.
Change in industrial producer prices, 01/2025–06/2026
Source: Statistics Poland. Own calculations based on Statistics Poland data.
After nearly two years of uninterrupted declines, industrial producer prices in Poland have now increased for four consecutive months. This signals a reversal of the disinflationary trend in the manufacturing sector and is relevant to forecasts for producer price inflation and industrial margins in the second half of 2026.
Mining remains the most volatile, while manufacturing prices rise steadily
In June 2026, prices fell month on month in mining and quarrying (-1.7%) and manufacturing (-0.1%), while rising in electricity, gas, steam and hot water supply (+0.4%). Prices in water supply, sewerage, waste management and remediation activities remained virtually unchanged. The annual picture was the reverse: prices rose most strongly in mining (+2.4%) and manufacturing (+2.0%), while falling in the energy sector (-0.9%).
Cumulative price change by PKD 2007 section (NACE Rev. 2), since December 2024, 01/2025–06/2026
Source: Statistics Poland. Own calculations based on Statistics Poland data.
On a cumulative basis since December 2024, the largest price increase was recorded in water supply, sewerage, waste management and remediation activities, where prices had risen by 3.8% by June 2026. Manufacturing, which carries the greatest weight in the index, increased by 1.2%. Mining and quarrying – the section with the greatest monthly volatility, visible in the sharp fluctuations on the chart – remained below its December 2024 level (-0.3%). Electricity, gas and heat prices stayed close to their December 2024 level (0.0%).
Full data: producer price indices, June 2026
| Category | 04/2026 = 100 (m/m) | 05/2025 = 100 (y/y) | 06/2025 = 100 (y/y) | 12/2025 = 100 | 01–06/2025 = 100 (y/y) |
|---|---|---|---|---|---|
| Total industry | 100.0 | 102.4 | 101.7 | 103.5 | 100.5 |
| Mining and quarrying | 102.7* | 105.6* | 102.4 | 99.9 | 102.5 |
| Manufacturing | 99.6* | 102.6* | 102.0 | 104.1 | 100.6 |
| Electricity, gas, steam and hot water supply | 101.8* | 99.2* | 99.1 | 101.1 | 98.5 |
| Water supply; sewerage, waste management and remediation activities | 101.1* | 102.0* | 101.8 | 101.7 | 101.8 |
* Indices revised from previously published figures.
What this means for businesses
The return of industrial producer prices to positive annual growth matters for pricing and contract planning in the second half of 2026. After two years in which falling factory-gate prices made negotiations with customers easier, producers are regaining some scope to pass higher costs on to buyers. Sectoral differences remain important, however. Manufacturing, which accounts for most of Poland’s export production, recorded moderate but steady price growth of 2.0% year on year in June, while mining remained the most volatile sector from month to month, making short-term raw-material cost forecasting more difficult.
Source: Statistics Poland. Own calculations based on Statistics Poland data. Figures for June 2026 are preliminary.
