Polish consumers retain low inflation expectations in December

By bne IntelliNews January 4, 2015

Polish consumers continue to expect inflation to remain low across 2015, the National Bank of Poland (NBP) reported on December 31.

A survey conducted by national statistics office GUS in the first half of December shows consumers expect inflation to total just 0.2% over the next 12 months. The outlook has remained at the same level for five months.

Poland recorded its first CPI deflation in over 40 years in July, as prices sank 0.2% y/y. Drops of 0.3% in both August and September extended deflation, while it sagged to 0.6% in October and November. The average annual CPI figure was 0.9% in 2013 versus 3.7% in 2012. This year CPI is expected to hover around 0%.

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