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PPI turns negative with -0.1% y-o-y growth in November


The producer price index (PPI) amounted to -0.1% y-o-y in November, the Central Statistical Office (GUS) announced. The market anticipated zero growth.

Of Poland’s main industrial sectors, two saw declines in prices in November, namely manufacturing (down by 0.7% y-o-y) and mining quarrying (down by 3.5% y-o-y). By contrast, prices in electricity, gas, steam and air conditioning supply rose 5.7% y-o-y and in water supply, sewerage, waste management and remediation activities by 3.6% y-o-y.

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

In the first 11 months of 2012 producer prices grew by 3.7% y-o-y.

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

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