Polish inflation rises to 1.6pc year/year in April, above forecast

WARSAW: Polish consumer price inflation (CPI) accelerated to 1.6 percent year-on-year in April from 1.3 percent the previous month, an initial estimate from the statistics office showed on Wednesday.

The statistics office said prices rose 0.5 percent compared with the previous month.

Analysts had expected the CPI at 1.5 percent year-on-year and at 0.4 percent month-on-month in April.

Food and non-alcoholic beverage prices rose 4.0 percent in March, while month on month they rose 0.3 percent. Energy prices rose year-on-year by 1.6 percent, and held steady in monthly terms.

Petrol for private vehicles prices rose last month 1.3 percent year-on-year and rose 2.8 percent in monthly terms.