GUS: Deflation at 1.3% y/y in January

Consumer deflation stood at 1.3  percent year-on-year in January meeting the Ministry of the Economy and analysts' expectations. Poland's deflation grew by 0.2 percent on a monthly basis, as the Central Statistical Office informed. The economists predicted deflation will stand at around 1-1.4 percent y/y ( 1.27 percent mean average), the Ministry of the Economy estimated the rate to increase by 1.3 percent y/y.