Poland: Consumer prices record smallest annual drop in over two years in October
October 31, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 October, consumer prices in Poland rose 0.5% over the previous month in October, which followed the flat growth recorded in September.
In annual terms, consumer prices dropped 0.2% in October, which was a less pronounced decline than the 0.5% fall recorded in September. October’s figure marked the smallest decrease since July 2014. Inflation remains well below the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point. Meanwhile, annual average variation in consumer prices was stable at September’s minus 0.8%. The GUS will publish more detailed data concerning consumer prices on 14 November.