PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Inflation slows to 3.9% y-o-y in September


2011-10-13



The consumer price index (CPI) amounted to 3.9% y-o-y in September, a deceleration compared with the previous month, the Central Statistical Office (GUS) reported. The result was below market expectations, which averaged 4.1% y-o-y.

The highest price increase in the 12 months to September was noted in transport, a category that includes car fuel (up by 7.6% y-o-y), followed by housing and energy (up by 6.7% y-o-y), and education (up by 5.1% y-o-y). In hotels and restaurants prices went up by 4.4% y-o-y, while in alcoholic beverages and tobacco products as well as in health they increased by 4.2% y-o-y. Below-average inflation was recorded in food and non-alcoholic beverages (up by 3.3% y-o-y), in communication (up by 0.6% y-o-y) and recreation and culture (0.5% y-o-y). Clothing and footwear was the only category where prices declined compared with a year earlier, by 2.9% y-o-y.

On a month-on-month basis the CPI was 0.1% in September.

In January-September consumer prices grew by 4.2% y-o-y. Although a rising reference base should constrain inflation in the coming months, the significant depreciation of the zloty means any fall in the CPI is likely to be small. We forecast that in 2011 as a whole the average annualised CPI will be around 4%.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.