Poland Inflation Slows In October

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Poland’s consumer price inflation eased in October after rising in the previous month, preliminary data from Statistics Poland showed on Friday.

The consumer price index rose 3.0 percent year-on-year in October, after a 3.2 percent increase in September. Economists had expected 3.1 percent rise.

In August, inflation was 2.9 percent.

Prices for food and non-alcoholic beverages grew 2.3 percent yearly in October and those of electricity, gas and other fuels gained by 4.8 percent.

Meanwhile, prices of fuels for transport declined 9.2 percent.

On a month-on-month basis, consumer prices rose 0.1 percent in October.

The material has been provided by InstaForex Company – www.instaforex.com

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