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CPI expected to accelerate slightly


Although recent months brought clear signs of dampening inflationary pressures, we expect the CPI to accelerate slightly towards the end of the year, due to a lower reference base. Thereafter, however, the reference base will start rising again, which should lead to a marked fall in inflation from February 2010 onwards. We forecast that in 2009 average annual inflation will be slightly below 3.5%, and will drop to 2.2% in 2010.

Paweł Sionko
Construction Market Analyst, PMR

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