Statistics Poland: inflation in March at 16.1% year on year
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- 18 Apr 2023
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Inflation in Poland remains in double digits, way above the central bank's target. According to the country's Central Statistical Office (Statistics Poland), the highest year-on-year spike was recorded in the price of sugar, heating, milk, and eggs. There are, however, some products which became less expensive.
Statistics Poland said in a press release on Friday (April 14) that inflation in March 2023 was at 16.1% compared to March 2022 (with an increase of prices of goods – by 17.1% and services – by 13.3%). This is a slightly higher increase in consumer prices than predicted in the flash estimate released in late-March (16.2% yoy).
Compared to February 2023, consumer prices in Poland increased by 1.1% (of which goods – by 1.2% and services – by 0.8%).
"In March of the current year, compared with the previous month, the highest contribution to the total consumer price index came from higher prices related to food (by 2.3%), clothing and footwear (by 5.0%) and alcoholic beverages and tobacco (by 1.8%), which increased the index by 0.58 pp, 0.19 pp and 0.10 pp, respectively," Statistics Poland said in the press release.
"Lower prices related to transport (by 0.9%) and recreation and culture (by 0.3%) decreased the index by 0.08 pp and 0.02 pp, respectively," we read. Read More…
