Poland: Inflation re-enters NBP’s target range in April
Consumer prices rose 0.5% on a monthly basis in April, contrasting March 0.1% drop. April’s result was driven almost entirely by higher fuel prices, while food prices rose modestly. Utility prices were unchanged from a month earlier.
Inflation ticked up from 1.3% to 1.6%, reversing four consecutive months of easing and returning to within the Central Bank’s target band of 2.5% plus/minus 1.0 percentage point. Meanwhile, annual average inflation edged down to 1.8% from 1.9%.
In March, the latest month for which data is available, core consumer prices were flat from a month earlier, in line with February’s reading. Core inflation inched down to 0.7% from February’s 0.8%.