Inflation slows down in December to 16.6%

Consumer inflation in Poland decreased in December to 16.6% year-on-year, according to preliminary estimates of the statistics office, falling below market expectations. On average, economists expected price growth in December to slow down to 17.3% annually from 17.5% in November. 

“The decline in inflation was driven by slower growth in food prices and declines in fuel and energy prices. This is the second consecutive decline in inflation,” PKO Research wrote on Twitter.

On monthly basis, prices grew by 0.2%.