OECD issues grim inflation projections

OECD inflation projections are both higher than the government's and economists who predict on average that inflation will stand at 3.1%. However, the OECD's pessimistic projections might become real if three factors come together, namely rapid growth of consumption, a leap in oil and food prices and keeping regulated prices. "I believe that 4-5% is more likely. The złoty keeps on strengthening, which was not taken into account by OECD experts and thus this allows the prices of imported goods to be lowered," said Bartosz Pawłowski, analyst with TD Securities in London. (Rzeczpospolita, pp. A1, A1, B1, B5) M.M.