Poland: Inflation accelerates in October
November 15, 2011
In October, consumer prices increased 0.7% over the previous month, which was above the 0.1% increase recorded in September. The October print mainly reflected higher prices in the clothing and footwear, as well as food categories. Annual headline inflation quickened from 3.9% in September to 4.3% in October and remained above the Central Bank's target of 2.5% ( 1.0 percentage point) for a 10th consecutive month. Core inflation, which excludes food and energy prices, rose from 2.6% in September to 2.8% in October. The Central Bank estimates that inflation will end the year at 4.0%, before moderating to 3.1% in 2012.