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Polish Inflation Rate Slows in March

Analysis

Photo by kolbet / Shutterstock.com

The annual inflation rate in Poland eased to 16.2% in March from an over 26-year high of 18.4% in February, preliminary estimates from the Warsaw-based Central Statistical Office (GUS) showed on Friday.

This was the softest reading since last August, though still well above the central bank's mid-point target of 2.5%.

Prices remained elevated for food & non-alcoholic beverages (+24%) and utilities (+26%), while rising slightly for fuels (+0.2%).

On a monthly comparison basis, consumer prices advanced by 1.1% in March, after a 1.2% increase in February.

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