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PPI slows to 8.1% y-o-y in December


The producer price index (PPI) amounted to 8.1% y-o-y in December, the Central Statistical Office (GUS) announced. The figure is lower than a market consensus of 8.4% y-o-y.

Of Poland’s main industrial sectors, the steepest price increase (up by 8.9% y-o-y) was noted in manufacturing, followed by mining-quarrying (up by 5.8% y-o-y). In water supply, sewerage, waste management and remediation activities prices went up by 4.6% y-o-y, while in electricity, gas, steam and air conditioning supply they increased by 2.8% y-o-y.

On a month-on-month basis the PPI was 0.3% in December.

In January-December 2011 producer prices jumped by 7.6% y-o-y.

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