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Inflation drops off to 2.8% y-o-y in November


The consumer price index (CPI) amounted to 2.8% y-o-y in November, a sharp deceleration compared with the previous month, the Central Statistical Office (GUS) reported. The figure is slightly below market expectations.

The highest price increase in the 12 months to November was noted in housing and energy (up by 4.8% y-o-y), followed by food and non-alcoholic beverages (up by 3.9% y-o-y) and alcoholic beverages and tobacco products (up by 3.6% y-o-y). Consumer prices in the category of transport, which includes car fuel, rose 3.1% y-o-y. In hotels and restaurants they went up by 2.8% y-o-y and in education by 2.7% y-o-y. Lower-than-average price growth was noted in health (up by 1.3% y-o-y), in recreation and culture (up by 0.7% y-o-y), and in communication (0.1% y-o-y). Prices in the category of clothing and footwear decreased by 4.8% y-o-y.

On a month-on-month basis the CPI was 0.1% in November.

In the first 11 months of 2012 consumer prices rose by 3.8% y-o-y.

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

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