Poland inflation at 13-month high
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Poland's consumer price inflation rose to the highest level in thirteen months in April, preliminary data from the country's Central Statistical Office (GUS) showed on Friday.
The consumer price index (CPI) rose 4.3% year-on-year in April, following a 3.2% increase in March. Prices for communication grew 7.6% yearly in April and those of transport increased 16.2%. Prices for housing, water, electricity, gas and other fuels, and education grew by 5.7% and 5.5%, respectively.
On a month-on-month basis, consumer prices rose 0.8% in April, after a 1% growth in previous month. In a separate statement, the Warsaw-based GUS said Poland's gross domestic product (GDP) expanded 0.9% sequentially in the first quarter, reversing a 0.5% fall in the fourth quarter.
Year-on-year, GDP dropped by unadjusted 1.2%, but slower than the 2.7% decline a quarter ago. Seasonally adjusted GDP was down 1.7% annually versus 2.7% fall in the fourth quarter.
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