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Poland Jan. Output Price Inflation Eases, Industrial Production Rises

Poland's producer price inflation slowed in January, data released by the Central Statistical Office showed Friday.

Output price inflation eased to 8 percent in January from 8.2 percent in December, which was revised up from 8.1 percent. The latest figure matched economists' expectations.

Producer prices in the mining and quarrying sector rose 7.7 percent annually, while manufacturing prices climbed 8.6 percent. There was a 3.4 percent annual growth in the production of electricity, gas, steam and hot water during the month.

Month-on-month, output prices edged up 0.2 percent in January, slower than the upwardly revised 0.4 percent increase seen in the previous month. Economists were looking for a 0.3 percent monthly growth.

Separately, the agency said Poland's industrial production advanced 9 percent on an annual basis in January, slower than the 9.5 percent growth economists forecast. Manufacturing output climbed 10.7 percent annually, while mining and quarrying production decreased 0.3 percent.

On a monthly basis, industrial output dropped 5.1 percent during the month, while economists expected production to fall 5.3 percent month-on-month.

by RTT Staff Writer

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