Poland’s core inflation weakened to the lowest level in twenty five months in December, and missed economists’ expectations, data released by the National Bank of Poland showed Wednesday.
Core inflation, adjusted for food and fuel prices, decelerated to 1.4 percent in December from 1.7 percent in November. Economists were looking for an inflation rate of 1.5 percent. The latest figure was the lowest since November 2010, when core consumer prices rose 1.2 percent year-on-year.
Administered prices advanced 1.9 percent annually, while prices of the most volatile items rose 2.3 percent, data showed.
On monthly basis, core consumer prices edged down 0.1 percent in December, reversing the previous month’s 0.1 percent increase. The index was forecast to remain unchanged sequentially.
Data from the statistical office earlier showed that Poland’s consumer price inflation slowed to 2.4 percent in December from 2.8 percent in November. The relevant index moved up 0.1 percent compared to November.
by RTT Staff Writer
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