Inflation eases to 10.3% y/y in September
September's inflation eased in line with expectations to 10.3% y/y from August's 10.7% (1% m/m), the Central Statistical Office (GUS) reported. GUS said prices of services and alcoholic beverages posted the smallest month-on-month increases, rising 0.6% and 0.1%, respectively. Food prices, however, the key driver of the mid-year surge in CPI, remained robust, rising 1.4% (including e.g. vegetable prices that went up 7.9%). In general, however, these figures signalled that a long-awaited decline of the inflation rate was underway. A Monetary Policy Council (RPP) member Grzegorz Wojtowicz said that in October, the CPI should return to a single-digit level. Still, that does not mean interest cuts are any closer now.
Źródło:IntelliNews Daily
