Inflation edges up, probably due to oil price fluctuations

The inflation rate picked up for the first time in six months in March, driven by higher fuel prices, but analysts said a benign inflation outlook remained largely intact and pointed to another rate cut. Figures released by the Central Statistical Office (GUS) on Monday showed the consumer price index (CPI) inched up 0.3 % month-on-month in March, boosting the annual rate to 0.6% from a record low of 0.5% in February. (Gazeta Wyborcza, Gospodarka supplement, p. 2; Reuters) J.K.