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PPI negative at -1.2% y-o-y in January


The producer price index (PPI) amounted to -1.2% y-o-y in January, the Central Statistical Office (GUS) announced. The market anticipated a PPI of -1% y-o-y.

Of Poland’s main industrial sectors, two saw declines in prices in January, namely mining-quarrying (down by 8.9% y-o-y) and manufacturing (down by 1.1% y-o-y). By contrast, prices in electricity, gas, steam and air conditioning supply rose 2.5% y-o-y and in water supply, sewerage, waste management and remediation activities by 2.1% y-o-y.

On a month-on-month basis the PPI was 0.1%.

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

Producer price index in Poland (%, y-o-y), January 2012-January 2013

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