Inflation in Poland is also lower, according to Eurostat measurements, which are slightly different from the data held by the Central Statistical Office.
HICP inflation in Poland was 15.2% in March 2023. year on year compared to 17.2 percent. inflation a month earlier, the EU statistical office Eurostat reported. On a monthly basis, the index increased by 1.1 percent.
inflation in Europe. Luxembourg leads the way
HICP inflation in the EU in March was 8.3%. annually.
The lowest annual rates were recorded in Luxembourg (2.9%), Spain (3.1%) and the Netherlands (4.5%). At the other end of the scale, high double-digit results continue to be recorded. The highest annual rates were recorded in Hungary (25.6%), Latvia (17.2%) and the Czech Republic (16.5%). Compared with February, annual inflation fell in 25 Member States and rose in two.
Consumer inflation fell
On March 31, the Central Statistical Bureau reported that consumer inflation was 16.2 percent. year-on-year in March 2023. Compared to the previous month, prices for consumer goods and services rose by 1.1%. in March, according to the Central Statistical Bureau.
“Prices for consumer goods and services, according to a rapid assessment, in March 2023 increased by 16.2 percent compared to the same month last year. (price index 116.2), and compared to the previous month they increased by 1.1 percent. (price index 101.1),” read the communiqué.
Prices for food and non-alcoholic beverages rose by 24%. y/y, energy products rose by 26 percent, fuel for personal vehicles increased by 0.2 percent, the communiqué said.
On a monthly basis, food and non-alcoholic beverage prices rose 2.3%. MoM energy prices fell by 0.6 percent, fuel prices for personal vehicles fell by 1.8 percent.
The average value, calculated on the basis of economists’ forecasts, showed that the preliminary estimate of inflation for March will be 15.9 percent. annually. On a monthly basis, experts expected inflation to rise by 1 percent, which is slightly less than the figure presented by the Central Statistical Office for February (1.2 percent).
Source: Wprost
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