In the following months this year deflationary scale on an annual basis will continue to decrease, and the speed of these changes will largely depend on the situation on the raw material markets, ' says Finance Minister Artur Radziwiłł.
"August's CPI reading (0.6% YOY) was in line with the expectations of the Ministry of finance, and slightly higher than market expectations. The CSO data indicate already the sixth consecutive month deflation scale reduction in Poland, "said the Minister in a comment.
He pointed out that in comparison with previous years reported a smaller drop in seasonal food prices and non-alcoholic beverages, and food price deflation has been on an annual basis from 1.7 percent to 0.7 percent.
"We estimate that the base inflation in August stood at 0.3-0.4 percent on an annual basis (to 0.4 percent a month before). A sustained since July 2014, the deflation in prices of consumer goods and services is the result of several factors. the negative output gap (which translates to low inflation base) and still low in energy and food prices, "he said.
"We anticipate that in the next few months of this year, the scale of deflation (in annual terms) will continue to decrease, and the speed of these changes will largely depend on the situation on the raw material markets," he added.
GUS reported Tuesday that deflation in August amounted to 0.4% in terms of monthly and annual-0.6 percent. Economists interviewed by PAP szacowali, that the prices of goods and services fell in August by 0.7 percent on a yearly basis, and the month-by 0.4%.
As written in wtorkowym communication of GUS the greatest impact on the price index of consumer goods and services in total were in August lower by 0.8% and food prices lower by 1.5 percent, prices of clothing and footwear. In August, also staniał transport (by 1.1%).
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