Consumer prices in Poland in flat growth
This is according to a preliminary estimate released by the Central Statistical Office (GUS).
In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August. Inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point, FOcus Economics reports.
Meanwhile, annual average variation in consumer prices was stable at August’s minus 0.8%. The GUS will publish more detailed data concerning consumer prices on 15 October.
FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.6% in 2016, which is unchanged from last month’s projection. In 2017, the panel expects inflation to average 1.3%. ■