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Poland Feb. Output Price Inflation Eases More Than Expected

3/19/2012 9:15 AM ET

Poland's producer price inflation slowed more than economists expected in February, data released by the Central Statistical Office showed Monday.

Output prices increased at a slower rate of 6.3 percent in February than the 7.9 percent growth recorded in January. Economists were looking for a 6.6 percent annual growth.

Producer prices in the mining and quarrying industry rose 5 percent year-on-year, while manufacturing prices moved up 6.6 percent. There was a 3.6 percent annual growth in the production of electricity, gas, steam and hot water during the month.

On a monthly basis, output prices decreased 0.3 percent in February, reversing the 0.1 percent rise seen in the previous month. Economists expected prices to remain unchanged month-on-month.

In the January-February period, producer prices advanced 7.1 percent from the same period a year earlier, the agency said.

by RTT Staff Writer

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