Economics
Poland’s Shock Double-Digit Inflation Comes With Growth Warning
- March consumer prices rose 10.9% y/y, vs 8.5% in February
- Manufacturing output fell on worries about the war in Ukraine
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Polish inflation accelerated to a 22-year high, even as signs emerged that the outbreak of the war in neighboring Ukraine is starting to weigh on economic growth.
The surge in consumer prices by 10.9% in March from a year earlier boosted market expectations that the central bank will deliver its seventh straight interest-rate increase next week. Friday’s reading beat all but one estimate in a Bloomberg survey of 21 economists.