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Financial News: Poland Inflation Slows In April

Poland Inflation Slows In April

05/15/2020 - 08:44:00 (RTTNews)

(RTTNews) - Poland's consumer price inflation eased in April, as estimated initially, final data from Statistics Poland showed on Friday.

The consumer price index climbed 3.4 percent year-on-year in April, after a 4.6 percent increase in March. This was in line with economists' expectation. The initial estimate released on April 30.

Prices for food and non-alcoholic beverages grew 7.4 percent annually in April. Prices for housing, water, electricity, gas and other fuels, and restaurants and hotels increased by 7.5 percent and 6.3 percent, respectively.

On a month-on-month basis, consumer prices decreased 0.1 percent in April, reversing a 0.1 percent rise in the preceding month. The initial estimate had shown no change from the previous month.

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