Polish CPI expected to decline further – Finance Ministry
March 15, 2013
Poland's consumer inflation is likely to decline further in the coming months although at a slower pace than seen in February, the Finance Ministry said on Thursday after the release of February CPI data.
"In the coming months, a further, although not that fast decline in annual CPI growth rate, is possible," the ministry said.
February CPI data showed consumer prices were up 1.3% year on year [from 1.7% in January] versus consensus expectations for 1.5% y/y growth. February consumer prices were flat month on month, while analysts expected them to grow by 0.2 pct.
Food prices advanced 2.5% annually, while clothing and footwear prices dropped 5.1%. There was 2.2% y/y increase in housing costs during the month, and a 0.6% decrease in transportation expenses.