Poland Inflation March 2017

Poland

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.

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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