Inflation reaches three-year in December

As a result, it is very likely that the Monetary Policy Council (RPP) might raise interest rates at the end of January and another hike is possible before the end of Q1. "This is due to growing prices of food and fuels," said Ryszard Petru, chief economist with BPH. If the hike achieve their aim, inflation should fall to about 3% before the end of 2008. (Rzeczpospolita, pp. A1, B1) M.M.