Inflation higher again in February

Central Statistical Office (GUS) announced that the prices of consumer goods and services increased by 4.7 percent y/y in February 2020, and in comparison with the previous month prices increased by 0.7 percent.

In January, after revaluation of the basket of weights, prices increased by 4.3 percent on an annual basis, and by 0.9 percent on a monthly basis.

Analysts of the development ministry assessed though, that Inflation in March will fall in Poland to approx. 4.5 percent.

“Although seasonal prices of clothing and footwear can rise, the dynamic development of the economic situation in the country and in the world may revise this scenario,” the ministry added.

(PAP)