Polish inflation at 3.2% in March: stats office

Inflation in Poland stood at 3.2 percent in year-on-year terms in March, the country’s Central Statistical Office (GUS) said in a final estimate on Thursday.

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The figure was in line with a flash estimate released by the state-run statistics agency at the end of last month.

Consumer prices in #Poland in March 2021 as compared to March 2020, increased by 3.2% (price index 103.2). As related to the previous month they rose by 1.0%https://t.co/v3q0BtzU95 #StatisticsPoland #prices #statistics #CPI #PriceIndices #PriceIndex #inflation pic.twitter.com/Tf4eRelSeL

— Statistics Poland (@StatPoland) April 16, 2021

In February, the prices of consumer goods and services in Poland were 2.4 percent higher than in the same month a year earlier, according to the Central Statistical Office.

In January, Poland's consumer price index stood at 2.6 percent, the state-run statistics agency has said.

The statistics office last month said it had revised its system of weights used for calculating the consumer price index in 2021.

Poland’s central bank in March raised its inflation forecasts for the country, saying it expects the consumer price index to hit 3.1 percent this year, followed by 2.8 percent in 2022.

Poland's President Andrzej Duda in January signed the country’s budget for 2021, which expects the economy to grow 4 percent, with inflation targeted at 1.8 percent.

(gs/pk)

Source: PAP