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PPI slows to 3.1% y-o-y in August


The producer price index (PPI) amounted to 3.1% y-o-y in August, the Central Statistical Office (GUS) announced. The figure is slightly higher than the market consensus, which was for a PPI rate of 3% y-o-y.

Of Poland’s main industrial sectors, the steepest price increase (up by 5.8% y-o-y) was noted in electricity, gas, steam and air conditioning supply, followed by manufacturing (up by 3.1% y-o-y) and water supply, sewerage, waste management and remediation activities (up by 3% y-o-y). By contrast, the mining-quarrying sector saw a 2.9% y-o-y decline in prices in August.

On a month-on-month basis the PPI amounted to 0.1%.

In the first eight months of 2012 producer prices grew by 4.9% y-o-y.

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

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