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PPI accelerates further to 8.5% y-o-y in October


2011-11-21



The producer price index (PPI) amounted to 8.5% y-o-y in October, the Central Statistical Office (GUS) announced. The figure is slightly higher than a market consensus of 8.3% y-o-y.

Of Poland’s main industrial sectors, the steepest price increase (up by 10.4% y-o-y) occurred in mining-quarrying, followed by manufacturing (up by 9.2% y-o-y). Prices in water supply, sewerage, waste management and remediation activities went up by 4.8% y-o-y, and in electricity, gas, steam and air conditioning supply they were up by 2.8% y-o-y.

On a month-on-month basis the PPI was 0.1% in October.

In the first 10 months of the year producer prices jumped by 7.4% y-o-y.



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