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PPI negative at -1.1% y-o-y in December


The producer price index (PPI) amounted to -1.1% y-o-y in December, the Central Statistical Office (GUS) announced. The market anticipated a PPI of -0.6% y-o-y.

Of Poland’s main industrial sectors, two saw declines in prices in December, namely manufacturing (down by 1.7% y-o-y), and mining-quarrying (down by 5.9% 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 2.8% y-o-y.

On a month-on-month basis the PPI amounted to -0.6%.

In January-December 2012 producer prices grew by 3.3% y-o-y.

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

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