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Inflation in Poland – March 2023. The Central Statistical Office published new data

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Inflation in March 2023 amounted to 16.1 percent year on year, the Central Statistical Office (GUS) announced on Friday. This is a slightly lower price increase than reported in the initial estimate. By comparison, inflation was 18.4 percent year-on-year in February.

At the end of March, the Central Statistical Office reported in the so-called quick estimate that inflation in March this year amounted to 16.2 percent. Every year. In March, compared to February, the prices of consumer goods and services increased by 1.1 percent.

PAP/Maciej Zielinski

Inflation in March 2023

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WITH data from the Central Statistical Office published on Friday shows that during the year the prices of food and non-alcoholic beverages increased the most – 24.0 percent. and the use of a flat or house and energy carriers – by 19.6 per cent. Recreation and culture prices were 16.4% lower than in the previous year. higher than last year.

Detailed data shows that the price of sugar increased by 81.5 percent, milk by 37.5 percent, and eggs by 37.2 percent.

We also pay much more for flour than in the same period a year earlier – by 29.9 percent, rice – by 28.5 percent, and bread – by 25.6 percent. Pasta and pasta products increased by 23 percent. Pork is 26% more expensive, and cold meats 22.8%.

In addition, an average of 28.6 percent. you have to pay more for vegetables, while fruit went up by 16.8 percent.

Energy prices increased by 40.7 percent. year on year, fuel by 32.4% and electricity by 22.4%.

According to the data of the Central Statistical Office, you also have to pay more for trips with travel agencies. Prices in the field of organized tourism abroad went up by 23.1 percent, and in the country by 18.7 percent.

Inflation in March – comments

“Final inflation in Poland in March: 16.1% y/y. This is slightly lower than indicated by the flash (16.2% y/y). Core inflation is consistently high – we estimate at 12.3% y/y. ” – wrote economists of mBank.

According to PKO BP economists, “inflation in March started a arduous downward path – to 16.1% y/y (flash reading 16.2% y/y) vs. 18.4% y/y in February”. “The details indicate that the decline was mainly due to base effects and the normalization of energy prices,” the bank’s representatives added.

Main photo source: tvn24.pl

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