Poland: Inflation steady in April
May 15, 2017
Consumer prices increased 0.3% in April over the prior month, contrasting March’s 0.1% drop. The increase was driven by higher prices for clothing and footwear, which was slightly offset by lower prices for alcoholic beverages and tobacco and fuel for personal transport.
Inflation came in at 2.0% in April, matching March’s reading. Inflation is thus within the Central Bank’s target band of 1.5%-3.5%. The annual average variation in consumer prices rose to 0.4% in April from 0.1% in March, the highest reading since August 2014.
Core consumer prices rose 0.6% in April from the previous month, above March’s 0.2%. Core inflation was 0.9% (March: 0.6%).