16:53 10 December 2019
BIEC: Future Inflation Index not to change in XII
The Future Inflation Index (WPI), forecasting the direction of changes in prices of consumer goods and services several months in advance, did not change in December 2019 compared to last month, according to the Investment and Economic Cycles Office (BIEC).
“In recent months, the indicator has been falling, indicating a stronger impact of factors limiting inflation growth than those that work towards accelerated inflation,” BIEC stated.
The strongest of these factors, as reported, is “the threat of a further slowdown in economic growth" both in Poland and in our largest foreign trade partners. In the face of economic slowdown, entrepreneurs are fighting for markets with competitive prices.
The Office's experts pointed out that the commodity price index published by the International Monetary Fund did not indicate a threat of a sudden and significant increase in their prices. They added that oil prices have been consistently around $60 per barrel since the second half of this year.
(PAP)
