Polish economy registers inflation in November

During the month of November, the consumer price inflation (HICP) recorded a positive percentage in Poland for only the second time since late 2015, data from Eurostat indicated. The rate was 0.2 percent, against 0.1 percent inflation, y/y, a month earlier. Across the EU, HICP inflation was 0.6 percent in November. The European Central Bank keeps a close eye on HICP inflation measurements, in order to maintain price stability, Eurostat claims. The primary aim of the ECB in this regard is to keep the rate below two percent. However, it has expressed concern that rates too far below that figure may damage labor force stability, according to an April, 2016 report by executive board member Peter Praet. The rate has been below one percent since 2010.

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