Deflation at 0.3% in September

Consumer prices in Poland declined by 0.3 percent year-on-year in September, according to CPI data published on Wednesday by the Central Statistical Office (GUS). In month-on-month terms prices remained unchanged. This means that September was the third consecutive month of deflation in year-on-year terms. Analysts surveyed by the Polish Press Agency had expected prices to decline by 0.4 percent y/y and by 0.1 percent m/m. Prices in the transportation sector declined by 1.1 percent m/m, while prices in entertainment and recreation fell by 0.7 percent month. On the other hand, clothing and footwear prices rose by 1.1 percent m/m.