Poland inflation climbs further in March

Figures

Photo by ratmaner/Shutterstock.com

Poland's annual inflation rate accelerated to 11% in March from 8.6% in the previous month and above preliminary estimates of 10.9%, the Warsaw-based Central Statistical Office (GUS) said on Thursday.

It was the highest reading since July of 2000, amid surging energy and raw materials prices, underpinned by the war in neighboring Ukraine.

Main upward pressure came from transport (24.1%); housing, water, electricity, gas, and other fuels (17.7%), restaurants and hotels (12.7%) and food and non-alcoholic beverages (9.2%).

On a monthly basis, consumer prices rose 3.3%, compared to initial estimates of 3.2%.

Considering the first quarter of 2022, consumer prices advanced 9.7% from the previous year and 3.8% from the fourth quarter of 2021.

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