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Inflation quickens to 4.3% y-o-y in February


2012-03-13



The consumer price index (CPI) amounted to 4.3% y-o-y in February, an acceleration compared with the previous month, the Central Statistical Office (GUS) reported. The figure exceeded a market consensus of 4.1% y-o-y.

The highest price increase in the 12 months to February was noted in transport, a category that includes car fuel (up by 10.3% y-o-y), followed by housing and energy (up by 6% y-o-y), and education (up by 5.1% y-o-y). Above-average price growth was also noted in alcoholic beverages and tobacco products (up by 4.6% y-o-y) and in food and non-alcoholic beverages (up by 4.5% y-o-y). The prices of healthcare products and services went up by 4.1% y-o-y, in hotels and restaurants prices rose by 3.3% y-o-y, and in recreation and culture by 1.4% y-o-y. On the other hand, the prices of clothing and footwear products declined by 1.8% y-o-y, while communication charges went down by 0.3% y-o-y.

On a month-on-month basis the CPI was 0.4%.

In January-February consumer prices rose by 4.2% y-o-y.



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