Poland's core inflation accelerated to the highest level in four months in April, and exceeded economists' expectations, data released by the National Bank of Poland showed Tuesday.
Core consumer prices, excluding food and energy, increased 2.7 percent on an annual basis in April, faster than the 2.4 percent growth seen in March. Economists were looking for an inflation rate of 2.6 percent in April. The latest growth was the biggest since December 2011, when the inflation rate was 3.1 percent.
On a monthly basis, core consumer prices advanced 0.5 percent in April, in line with economists' expectations. In March, core consumer prices moved up 0.3 percent month-on-month.
At the same time, Poland's consumer prices gained 0.6 percent on a monthly basis in April, taking the annual growth to 4 percent, data showed.
by RTT Staff Writer
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