Report

CPI slows but to above-expected 4.6% y/y in Mar, food is key driver

- CPI inflation slows from 4.7% y/y in Feb but comes in above 4.4% consensus
- Food is main driver, accounting for some 40% of the rise
- Electricity prices add pressure, but fuel reduces it
- Services prices rise by even more
- GUS says March data collection not heavily impacted by COVID-19 measures, April to be
- MPC slashed key rate by 100bps since previous CPI release, seems likely to hold for now
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CEEMarketWatch
CEEMarketWatch

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