Food price figures suggest inflation rate could fall to 4.2% in December

The Central Statistical Office (GUS) announced that in the first half of the month prices fell by 0.1% month on month, despite earlier economic speculations that they will increase by 0.16%. "The increase in food prices in the whole month of September should not exceed 0.5%. This will be a factor which will reduce inflation to 4.4%," said BZ WBK analyst Piotr Bielski. According to Bielski the inflation climax is already past us and the rate will fall to 4.2% by the end of the year. (Puls Biznesu, p. 4) A.K.