Polish inflation at 4.6% in March: stats office

Inflation in Poland stood at 4.6 percent in year-on-year terms in March, the country’s Central Statistical Office (GUS) said on Wednesday.

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The figure was 0.2 percentage points higher than expected by analysts polled by Poland's PAP news agency.

Consumer goods were 3.8 percent more expensive in March than in the same month last year, while the prices of services increased by 6.5 percent from a year earlier, the government-run statistics agency reported.

Consumer prices in #Poland in March 2020 as compared to March 2019, increased by 4.6% (price index 104.6). As related to the previous month they rose by 0.2%.https://t.co/reMG2Xs5jV#StatisticsPoland #prices #statistics #CPI #PriceIndices #PriceIndex #inflation pic.twitter.com/4xxnABKJ4y

— Statistics Poland (@StatPoland) April 15, 2020

In February, the prices of consumer goods and services in Poland were 4.7 percent higher than in the same month a year earlier, according to the Central Statistical Office.

The statistics office said it calculated the latest consumer price index on the basis of new guidelines introduced by Eurostat, the European Union's statistics agency, for the duration of the coronavirus pandemic.

The European Statistical Office (@EU_Eurostat) has developed methodological guidelines for the calculation of harmonized indices of consumer #prices (#HICP).https://t.co/LgteryuQlA#StatisticsPoland #Statistics #CPI #Inflation pic.twitter.com/rPSHtycV7S

— Statistics Poland (@StatPoland) April 14, 2020

The Central Statistical Office has previously said it has revised its system of weights used for calculating the consumer price index in Poland in 2020.

(gs/pk)

Source: PAP