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PPI slows to 3.7% y-o-y in July


The producer price index (PPI) amounted to 3.7% y-o-y in July, the Central Statistical Office (GUS) announced. The figure is lower than the market consensus, which projected a PPI rate of 4% y-o-y.

Of Poland’s main industrial sectors, the steepest price increase (up by 6.3% y-o-y) was noted in electricity, gas, steam and air conditioning supply, followed by manufacturing (up by 3.8% y-o-y). Prices in water supply, sewerage, waste management and remediation activities went up by 2.9% y-o-y. By contrast, the mining-quarrying sector saw a 2.7% y-o-y decline in prices in July.

On a month-on-month basis the PPI amounted to -0.2%.

In the first seven months of 2012 producer prices grew by 5.1% y-o-y.Producer price index in Poland (%, y-o-y), July 2011-July 2012

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