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Poland inflation accelerates in February

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Staff Writer | Thursday March 21, 2019 4:38AM ET
Poland waterway
Europe   The strongest price increases were recorded for food and non-alcoholic beverages

According to data released by the Central Statistical Office (GUS), consumer prices jumped 0.4% month-on-month in February, contrasting January’s 0.2% decline.


In February, the GUS updated the weighting system used in the compilations of the consumer price index.

The strongest price increases were recorded for food and non-alcoholic beverages, notably vegetables, and communication.

Core consumer prices in February rose 0.2% in month-on-month terms, above January’s flat reading.

Inflation rose to 1.2% in February from 0.7% in January, remaining below the midpoint of the Central Bank’s target range of 2.5% plus or minus 1.0 percentage point.

For its part, core inflation in February increased to an almost five-year high of 1.0% (January: 0.8%).

All told, annual average inflation inched down to 1.5% from January’s 1.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2019, which is down 0.2 percentage points from last month’s projection.

For 2020, the panel sees inflation averaging 2.5%.

 

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