Polish HICP inflation at 1.3 pct y/y in February - Eurostat

Poland's Harmonised Index of Consumer Prices (HICP) grew to 1.3 percent year-on-year in February 2019 from the the 0.7 pct reading in January, the European Union's statistics office, Eurostat, reported on Friday.

Month-on-month, prices grew by 0.3 percent, Eurostat data showed.

HICP is calculated according to uniform Eurostat methodology.

According to Poland's Central Statistical Office (GUS), the Consumer Price Index stood at 1.2 percent y/y and 0.4 percent m/m in February.

Disparities between GUS and Eurostat data are a result of the application of different calculation methods.

HICP is used to determine countries' compliance with Maastricht treaty inflation criteria, necessary for euro adoption. The maximum allowed inflation is set at 1.5 pp above the level of the three-year average of countries with the lowest result in the EU.