Prices went down in 2014

Annual inflation rate in 2014 was the same as in 2013 and amounted to 0.9 percent, Puls Biznesu reported. “The last time the rate was that low was in 1972,” the Central Statistical Office (GUS) informed. Growth of housing expenses (by 1.1 pct) and the rise inalcohol and tobacco prices (by 3.7 pct) caused an increase of the rate. However, prices of textiles and footwear, food and soft drinks, transport costs dropped by 4.7 pct, 0.9 pct and 2.3 pct, respectively. Hence, the rate noted a significant decrease. What is worth noticing, food prices decreased by 0.9 percent y/y and the biggest decline was noted in the case of sugar (28.8 percent). On the contrary, health related expenses rose by 0.2 percent y/y. Telecommunication and postal services' prices increased as well, GUS reported.