Monday, September 15, 2014

The second month of deflation. Economist: This phenomenon is not dangerous – Dziennik.pl

The second month of deflation. Economist: This phenomenon is not dangerous – Dziennik.pl

August month of deepening decline in prices. With estimates of the Central Statistical Office show that, compared with the same time the previous year were lower by 0.3 percent

.Piotr Kuczynski with Xelion Investment House believes that deflation with which we are dealing is not dangerous, because it is mainly her fall in food prices. if started less cost durable goods, such as household appliances, then people would stop buying them in anticipation of lower prices and not driven economy – explains. Piotr Kuczynski expects to end the year a certain price movement upwards. The August figures are roughly in line with analysts’ expectations.

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