Poland's August 2011 CPI up by 4.3% y/y.

By bne IntelliNews September 14, 2011
Poland's CPI inflation accelerated to 4.3% in August 2011 after slowing down to 4.1% y/y the previous month, statistics office data showed. The prices were driven up by transportation (7.9%), housing maintenance (5.8%), and food and beverages (4.5%). In monthly terms, prices remained flat in August after a 0.3% decline in July. The CPI in the food and beverages segment declined by 1.4% and of clothing and footwear - by 2.8%. PAP news agency conducted a poll among analysts, whose consensus forecasts were for a 4.1% annual inflation and a 0.4% monthly deflation. Deputy PM and economy minister Waldemar Pawlak commented that a CPI range of 3-4% would not affect negatively growth.

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