Yearly inflation falls to 9.9%, reaching single digit in third month of declines

Diminishing domestic demand in October limited retail price increases, contributing to a 0.8 percentage point decrease in yearly inflation, bringing it to 9.9%. Analysts are not surprised with the result, since October was the third successive month of decreasing annual inflation. Further price declines are expected over the next few months, and inflation in November may fall to 9.7%, reaching 9.3%-9.5% in December. Moreover, the tendency may continue next year as well. The new budget draft expects inflation to reach 6.6% in 2001, quite optimistic when compared to Standard & Poor's 9% prediction. (Prawo i Gospodarka, p.2)