Annual Report 2025

Poland

Modern Food Retail

In 2025, growth in Poland’s Food Retail market at current prices was primarily driven by food inflation. Despite higher real incomes, consumer sentiment remained cautious. Market developments were also influenced by disinflation, with the year-on-year change in the price index reaching 2.4% in December, the lowest level since April 2024.

Storefront of a Biedronka with an apartment building behind it (photo)

In January 2025, Poland’s minimum wage was raised further to 4,666 zloty, representing an increase of around 10% compared with January 2024.

POLAND – Food Retail Sales Index & Food Inflation

Current Prices

Poland – Food retail sales index & food inflation (bar chart)

Health and Beauty Retail

The Health and Beauty segment in Poland remained resilient over the past year. Inflation in the personal care and cosmetics categories continued to decelerate, remaining at levels below 1.0%.

Sources: OCDE; Banco de Portugal Economic Bulletins; Portuguese Ministry of Finance; Portuguese Statistics Office (INE); Bank of Poland Economic Bulletins; Central Statistical Office (GUS); Banco de la República (Colombian Central Bank); Colombia National Administrative Department of Statistics (DANE); Statistical Office of the Slovak Republic; Fedesarrollo; PMR Market Research; Fitch BMI; BMP; ISBIZNES; PORTAL SPOZYWCZY; Hatimeria; AHRESP, Distribuição Hoje.

Note: All macroeconomic data presented in this subchapter are based on the latest available information at the closing date of this report.

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