Deflation deepens in October

Consumer prices in Poland declined by 0.6 percent in October, according to CPI data published by the Central Statistical Office on Thursday. In month-on-month terms prices did not change. In September the CPI figure was at -0.3 percent y/y. Analysts surveyed by the Polish Press Agency had expected consumer prices to fall by 0.4 percent y/y and inch up by 0.1 percent m/m in October. Compared to September, prices of clothing and footwear grew by 3.4 percent, prices in education inched up by 0.6 percent and those related to housing inched up by 0.1 percent. In other sections, prices declined or stayed the same. They fell most in the transportation sector, by 0.8 percent.