The annual inflation rate in Poland edged down to 3.1% year-on-year in May 2026 from 3.2% in the previous month, according to a preliminary estimate. Despite the slight slowdown, price pressures remained elevated across key categories. Electricity, gas, and other fuels rose 5% from a year earlier, while fuel and lubricants for private transport equipment surged 12.3%, amid ongoing geopolitical tensions linked to the Middle East conflict. Meanwhile, food and non-alcoholic beverage prices increased at a more moderate pace of 0.5%. On a monthly basis, consumer prices fell by 0.3% in May, marking the first month of decline in a year and reversing a 0.6% increase in the preceding period.