Deflation remains at 0.6%

The consumer price index in Poland remained in the negative in November and amounted to -0.6 percent year-on-year, according to data published by the Central Statistical Office on Monday. In month-on-month terms prices declined by 0.2 percent. Analysts surveyed by the Polish Press Agency had expected a deflation of 0.4 percent y/y and 0.1 percent m/m. Fuel prices declined the most, by 5.3 percent y/y. Food and beverage prices fell by 1.2 percent y/y. At the same time, prices in telecommunications grew by 3 percent y/y and prices in education and in the hotels and restaurants segment rose by 1.3 percent.