BIEC - prosperity index slightly down

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched down by 0.1 points month-on-month in April, according to data quoted by the Polish Press Agency. The index has been growing for the last four months, but the office assured the change is irrelevant. BIEC said that the index has been recording an increase recently due to decreasing prices and rising salaries (including payout bonuses). In May, the deflation slowed down as the prices of food, footwear and apparel increased. As a consequence, the purchasing power of the average Pole decreased.