Inflation growth smaller than expected
The Central Statistical Office (GUS) yesterday published data on prices in August showing that they fell by 0.4%, thanks to which y/y growth stood at the same level as in July, which was 4.8%. The news surprised analysts who expected that inflation would break another record and hit 5%.
"The worst is behind us. In the following months the year-on-year inflation will fall. By the end of the year it could even fall below 4%," said an economist with Pekao, Agnieszka Decewicz. The situation on the labor market is also in line with interest-rate-setting body the Monetary Policy Council's expectations. In August, the average wage in the private sector was zł.3,156 - 9.7% more than a year earlier - while many had expected a figure closer to 11.1%.
Source: Puls Biznesu, Parkiet
"The worst is behind us. In the following months the year-on-year inflation will fall. By the end of the year it could even fall below 4%," said an economist with Pekao, Agnieszka Decewicz. The situation on the labor market is also in line with interest-rate-setting body the Monetary Policy Council's expectations. In August, the average wage in the private sector was zł.3,156 - 9.7% more than a year earlier - while many had expected a figure closer to 11.1%.
Source: Puls Biznesu, Parkiet
