Poland: Inflation falls to a 28-month low in December
January 15, 2013
In December, consumer prices rose 0.1% over the previous month, which mirrored the result observed in November. According to the Central Statistical Office (GUS), the increase was mainly influenced by higher prices for food, healthcare as well as for restaurants and hotels.
Despite the monthly increase, annual headline inflation fell from 2.8% in November to 2.4% in December, which came in slightly below market expectations of 2.5%. In fact, the reading represents the lowest inflation level observed since August 2010 and remains well within the Central Bank's target of 2.5% plus/minus 1.0 percentage point. Meanwhile, the core consumer price index, which excludes food and energy prices, fell 0.1% over the previous month, driving annual core inflation down to 1.4% in December.