Poland: Annual consumer prices drop at faster pace in March
April 11, 2016
In March, consumer prices rose 0.1% over the previous month, which contrasted the 0.1% drop recorded in February and marked a five-month high. According to the Central Statistical Office (GUS), March’s increase mainly reflected higher prices for clothing and footwear, as well as for food, beverages, and tobacco. In addition, prices for transport rose.
In annual terms, consumer prices fell 0.9% in March, which was a more pronounced decline than the 0.8% drop recorded in February. As a result, inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, annual average inflation was stable at the minus 0.8% recorded in February.