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Inflation slows to 3.4% y-o-y in October


The consumer price index (CPI) amounted to 3.4% y-o-y in October, a significant 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 October was noted in transport, a category that includes car fuel (up by 6% y-o-y), followed by housing and energy (up by 5.1% y-o-y) and food and non-alcoholic beverages (up by 4.7% y-o-y). Above-average price growth was also noted in alcoholic beverages and tobacco products (up by 3.7% y-o-y). Prices in the category of health rose by 3.2% y-o-y, in hotels and restaurants by 2.9% y-o-y, in education by 2.7% y-o-y, and in recreation and culture by 0.9% y-o-y. At the same time, communication charges dipped by 0.1% y-o-y, while prices in the category of clothing and footwear decreased by 4.6% y-o-y.

On a month-on-month basis the CPI was 0.4% in October.

In the first 10 months of 2012 consumer prices rose by 3.9% y-o-y.

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

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