Poland Inflation March 2017


Poland: Inflation decelerates in March

March 31, 2017

According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 March, consumer prices declined 0.1% over the previous month in March, which contrasted February’s 0.3% increase. A breakdown of the components is not yet available, but consumer prices likely inched down as the temporary weather effects on food prices seen in February receded.

Inflation came in at 2.0% in March, easing from February’s 2.2% result. The figure is still within the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point, but a notch further away from its midpoint than it was in February. The GUS will publish more detailed data concerning consumer prices on 11 April.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2017, which is up 0.1 percentage points from last month’s projection. In 2018, the panel expects inflation to average 2.0%.

Author: Marlène Rump, Senior Data Analyst

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