Deflation at 1.6% y/y in February

Poland's inflation rate stood at -1.6 percent year-on-year in February, lower than expectations, the Central Statistical Office (GUS) reported. The rate amounted to -0.1 percent in month-on-month terms. The experts surveyed by ISBnews agency predicted the deflation to come in at 1.2-1.5 percent y/y. The Ministry of Economy expected the inflation rate to reach -1.3 percent y/y.