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Inflation slows to 2.7% y-o-y in November


2010-12-14



The consumer price index (CPI) amounted to 2.7% y-o-y in November, a slight deceleration compared with the previous month, the Central Statistical Office (GUS) reported. The result was below market expectations, which averaged 2.9% y-o-y.

The highest price increase in the 12 months to November was noted in food and non-alcoholic beverages and in housing and energy (up by 4.3% y-o-y), followed by alcoholic beverages and tobacco products (up by 3.8% y-o-y) and transport (a category that includes car fuel), up by 3.7% y-o-y. Prices in health and in hotels & restaurants grew by 2.9% y-o-y, and in education they were up by 2.4% y-o-y. By contrast, clothing and footwear prices were down by 3% y-o-y, communication charges dropped by 1.2% y-o-y, while prices in recreation and culture were down by 1.1% y-o-y.

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

In the first 11 months of the year consumer prices rose by 2.5% y-o-y.



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