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Polish Output Prices, Industrial Output Rise Less Than Expected In March

4/19/2012 8:30 AM ET

Poland's output price inflation eased more than economists' expected in March, data released by the statistical office showed Thursday.

Producer price inflation slowed sharply to 4.5 percent in March from 6 percent in February, which was revised down from 6.3 percent. Economists were looking for a 4.8 percent increase.

Prices in the mining and quarrying industry rose 4.8 percent annually, while manufacturing prices moved up 4.4 percent. There was a 3.6 percent year-on-year increase in output prices of electricity, gas, steam and hot water during the month.

On a monthly basis, output prices edged up 0.1 percent in March, in line with economists' forecast. In February, output priced had decreased a revised 0.5 percent month-on-month.

Separately, the agency said Poland's industrial production increased 0.7 percent annually in March, sharply slower than the 4.4 percent growth economists forecast. Month-on-month, industrial output climbed 10.7 percent during the month, while economists were looking for a 14.6 percent increase.

by RTT Staff Writer

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