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Inflation slows to 3.8% y-o-y in August


2012-09-13



The consumer price index (CPI) amounted to 3.8% y-o-y in August, a deceleration compared with the previous month, the Central Statistical Office (GUS) reported. The figure is in line with market expectations.

The highest price increase in the 12 months to August was noted in transport, a category that includes car fuel (up by 6.5% y-o-y), and in housing and energy (up by 5.6% y-o-y).

Above-average price growth was also noted in food and non-alcoholic beverages (up by 5.3% y-o-y) and in education (up by 4.9% y-o-y). Prices in the category of health went up by 3.8% y-o-y, in beverages and tobacco products by 3.7% y-o-y and in hotels and restaurants by 3% y-o-y. Prices in recreation and culture rose 1.3% y-o-y, while communication charges inched up by 0.1% y-o-y. The only category to register a decline in prices in August was clothing and footwear (down by 5.1% y-o-y).

On a month-on-month basis the CPI was -0.3% in August.

Consumer price index in Poland (%, y-o-y), August 2011-August 2012



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