Inflation falls in Poland
22 January 2009
The rate of net inflation in Poland fell to 4.5 per cent last month, according to a report by the country's central bank.
Net inflation - a measure which excludes food and fuel prices - stood at 4.7 per cent in November last year. However, the rate was just 1.7 per cent in December 2007.
News of the slight dip in inflation emerged just days after the European Commission predicted Poland's economic growth would slow to two per cent in 2009, as the global economic slowdown is likely to impact on the country's exports and private consumption.
The final gross domestic product increase for 2008 is expected to be around five per cent and the National Bank of Poland had forecast further growth of 2.6 per cent this year.
However, Reuters reports that the central bank's management board is planning to revise that estimate downwards when it publishes its next economic projection in February.
Net inflation - a measure which excludes food and fuel prices - stood at 4.7 per cent in November last year. However, the rate was just 1.7 per cent in December 2007.
News of the slight dip in inflation emerged just days after the European Commission predicted Poland's economic growth would slow to two per cent in 2009, as the global economic slowdown is likely to impact on the country's exports and private consumption.
The final gross domestic product increase for 2008 is expected to be around five per cent and the National Bank of Poland had forecast further growth of 2.6 per cent this year.
However, Reuters reports that the central bank's management board is planning to revise that estimate downwards when it publishes its next economic projection in February.
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