Poland: Inflation rebounds in February
March 13, 2012
In February, consumer prices rose 0.4% over the previous month, which was below the 0.7% increase recorded in January. According to the Central Statistics Office (GUS), the rise was mainly influenced by higher food, dwelling and transport prices. As a result of the monthly increase, annual headline inflation accelerated from 4.1% in January to 4.3% in February, remaining well above the Central Bank's target of 2.5% ( 1.0 percentage point) for a 14th consecutive month. The result was slightly above market expectations that had inflation rising to 4.2%. Core inflation, which excludes food and energy prices, increased 0.3% over the previous month, driving annual core inflation to 2.6% in February. The Central Bank estimates that inflation will end this year at 3.1%, before moderating further to 2.8% by the end of 2013.