| Poland's Harmonised Index of Consumer Prices (HICP) is expected to steadily fall to around 3.0% at the end of 2012 (from 4.5% y/y in December of 2011), according to interim forecasts of the European Commission. The easing will take place on the back of stabilizing fuel and food prices, inflation-decreasing base effects and weakening domestic demand, it added. Taking into account the higher level at the start of the year, average inflation is, however, projected to reach 3.5% in 2012 from last year's 3.9%, the Commission concluded. |
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