September inflation predicted at 4.5% following rise in food and drinks prices

Inflation is likely to fall to year-on-year 4.5% this month, from 5.1% in August, the Finance Ministry's chief analyst has said. Jacek Krzyslak told Reuters, "We expect annual inflation to fall to 4.5% in September. The consumer price index is likely to rise 0.4% month-on-month." Krzyslak's comments follow the announcement earlier yesterday by the Central Stat istical Office (GUS) that food and non-alcoholic beverage prices rose 0.6% in the first half of September, after falling 0.3% in the previous 15 days, taking them to 0.4% above the level in the August 1-15 period. (Reuters)