The index of increase of consumption services and prices (CPI inflation) increased 3.5% y/y in January and 2.9% in February while 3.5% in December y/y. Starting from March 2010 NBP has published four indices of base inflation: base inflation upon exclusion of administration prices which are not directly formed by market mechanisms; base inflation upon exclusion of most changeable prices which are particularly vulnerable to various kinds of demand and supply shocks; base inflation upon exclusion of food and energy costs; and 15% cut mean - weighted mean on a set of price groups accumulated weights of which - corresponding to previously ascending sorted prices indices - are higher than 15% and lower than 85%.

Then according to the data provided by NBP published in April 2010, prices of consumption goods and services in March increased by 0.3% in reference to the previous month and the annual inflation was equal to 2.6%. The largest increases were noted in the following categories: "transport" - by 8.4% y/y, "alcoholic beverages and tobacco products" - 7.7% y/y and "restaurants and hotels" - 3.8% y/y.

Source: Property Journal  4-5/2010