Polish EconMin, Fin expect slightly higher inflation in coming months

By bne IntelliNews January 16, 2014

Consumer inflation will likely accelerate to 0.9% y/y in January from December's 0.7% y/y (thus, prices will probably grow by 0.2% on the month), according to the ministry of economy's forecast.
It stressed that the December figure was higher than its expectations (of 0.6% y/y, i.e. the same as in November).
The ministry expects a slight faster monthly growth of food prices in January, coupled with increases of housing-related fees.
At the same time, vice-minister of finance Janusz Cichon deems that consumer inflation may accelerate slightly in Q1 of 2014, but inflationary pressure should remain low throughout the year. This, he argues, would support the Monetary Policy Council's (MPC) view that interest rates should remain unchanged at least till the end of H1 of 2014.
The December inflation figure turned out to be in line with market consensus.

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