Poland's core inflation plunged to the lowest level in five-and-half years in March, data released by the National Bank of Poland showed Tuesday.
Inflation, excluding food and energy prices, slowed to 1 percent in March from 1.1 percent in February. The figure matched economists' expectations. The rate of growth was the slowest since September 2007, when prices advanced 0.9 percent.
On a monthly basis, core consumer prices edged up 0.3 percent in February, reversing the 0.1 percent decrease seen in the previous month. Economists had forecast a slower increase by 0.2 percent, data showed.
At the same time, administrative prices increased 0.7 percent annually in March, and prices of the most volatile items rose by 1.5 percent.
Poland's consumer price inflation had weakened to 1 percent in March from 1.3 percent in February. Month-on-month, the consumer price index moved up 0.2 percent, after staying flat in the previous month.
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