Prices calculated according to HICP in Poland in March in annual terms increased by 4.4 percent, compared to 3.6 percent in February, the EU statistical office Eurostat reported. Monthly prices increased by 0.9 percent. In turn, the so-called core inflation in March was 3.9 percent, compared to 3.7 percent in February, the Polish NBP announced.
The CPI index calculated by the Central Statistical Office in March amounted to 3.2 percent y/y and 1.0 percent m/m.
At the same time, HICP inflation in the euro area amounted to 1.3 percent y/y in March 2021 against 0.9 percent y/y inflation a month earlier, the Eurostat reported according to preliminary data.
The HICP index is a harmonized index of consumer prices, calculated according to the unified methodology of the Statistical Office of the European Union. According to the inflation criterion contained in the Maastricht Treaty, the HICP is the basis for assessing price stabilization. Data for HICP inflation come from household budget expenditure and national accounts, and for CPI only from the household budget expenditure.