PPI slows to 0.2% y-o-y in January

2010-02-22

The producer price index (PPI) amounted to 0.2% y-o-y in January, a marked deceleration compared with the previous month, the Central Statistical Office (GUS) announced. The result was significantly below market expectations, which were around 1% y-o-y.
Of Poland’s main industrial sectors, by far the steepest price increase (19.7% y-o-y) was noted in mining-quarrying. Prices in water supply, sewerage, waste management and remediation activities rose by 7.2% y-o-y, and in electricity, gas, steam and air conditioning supply they were up by 1.5% y-o-y. By contrast, in the manufacturing sector producer prices fell by 1.4% y-o-y. On a month-on-month basis, the PPI was 0.3% y-o-y.
In 2009 producer prices increased by 3.4%.