Poland: Inflation Decreasing

BusinessEconomy ♦ Published: March 15, 2013; 14:20 ♦ (Vindobona)

Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.

Poland: Inflation Decreasing / Picture: © Polish National Bank NBP

In Poland, the annual growth of consumer goods and services prices has been on a downward trend since July 2012. In December, it reached a level close to the NBP target (it amounted to 2.4%) and in January 2013 it dropped to 1.7%.

Along with deteriorating business conditions and weakening inflationary pressure, expectations of financial sector analysts concerning inflation over…