Poland: Inflation decelerates in March
April 11, 2017
Consumer prices dropped 0.1% in March over the prior month, contrasting February’s 0.3% increase and matching the preliminary estimate released on 31 March. The increase was driven by lower prices for food and beverages, transport and housing, water, electricity, gas and other fuels, which more than offset a rebound in prices of clothing and footwear.
Inflation came in at 2.0% in March, a notch below February’s 2.2% and mirroring the preliminary estimate. Inflation is thus within the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices rose to 0.1% in March from minus 0.1% in February, the highest reading since October 2014.
Core consumer prices rose 0.2% in March from the previous month, above February’s 0.1%. Core inflation was 0.6%, above the 0.3% recorded in February.