Finance Ministry revises down August inflation estimate after GUS report

The Finance Ministry has said it expects year-on-year inflation to have fallen to 5.0% in August from 5.2% in July. According to chief ministry analyst, Jacek Krzyslak, "In month-on-month terms, the consumer price index is estimated to have gone down by 0.4%, so year-on-year inflation was 5.0%." The ministry, which had earlier forecast the August CPI at 5.1% to 5.2%, made the new estimate after the Central Statistical Office (GUS) revealed food and non-alcoholic drink prices fell 0.3% in the August 16-31 period. (Reuters)