Poland: Fall in consumer prices ends in November
November 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 November, Polish consumer prices rose 0.1% over the previous month in November, which was below the 0.5% increase in October.
In annual terms, consumer prices were flat in November, halting an over two-year sequence of falling prices (October: -0.2% year-on-year). However, 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 inched up to minus 0.7% from October’s minus 0.8%. The GUS will publish more detailed data concerning consumer prices on 15 December.