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Poland Feb. Output Price Inflation Eases More Than Expected

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 RTTNews Staff Writer

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