The economists estimated the so-called. market consensus that in November the prices of goods and services fell by 0.4 per cent. yoy and by 0.1 per cent. mom. Some even expect deflation of 0.7 percent. (Yoy), and monthly decline in prices by 0.4 percent. However, some felt that the price drop in November did not exceed 0.1 percent. (Yoy) and month-to-month prices could even rise 0.2 percent.
According to the Central Statistical Office, the biggest drop in prices of fuel concerned that a few percent decline recorded both yearly and monthly basis. Indeed become cheaper as clothing and shoes.
are falling food and fuel prices
In November, the biggest drop in prices in annual terms concerned fuels. They are cheaper by 5.3 percent.
– The fall in prices of goods and services in November., compared to the same month last year. year was 0.6 percent. to the target set by the Monetary Policy Council at the level of 2.5 percent. (+/- 1 pt. Per cent.). The biggest influence on the formation of a price index of consumer goods and services at this level had lower food prices (by 2.7 per cent.) In the field of transport (by 3.7 per cent.), Clothing and footwear – CSO said in a statement. Counting on an annualized basis increased prices of alcoholic beverages and tobacco (by 3.6 per cent.) And connectivity (by 3 per cent.) And housing (0.4 percent.).
also compared with the previous month, the strongest become cheaper fuel, but more expensive vegetables, fruits, coffee and tea. Also slightly increased prices of alcoholic beverages. GUS
that food prices dropped in November. comp ared to the previous month by 0.1 per cent., compared to a decline of 0.2 percent. in October this year. Most sugar is cheaper (by 3.2 per cent.), Fruit (by 2.4 per cent.), Animal fats (by 1.2 per cent.), Flour (about 1.1 per cent.) And rice (about 1 percent). . Lower than in the previous month were also prices of meat (an average of 0.8 per cent.), Including poultry – by 2.2 per cent., Pork – about 1 percent. meats – by 0.3 percent. Beef prices remained at the level recorded in October.
– Deflation eased in November, not one bit. The indicator was on the same level as the previous month on a yearly basis. Still pulled it down mainly food prices, which declined by 2.5 percent in August. yoy, and prices in the category of transportation, which declined by 3.7 percent. yoy. As for the price of transport, we have on the one hand a depreciating fuel stations and also hand zdrugiej season sale in showrooms. These were the two main components – explains Monika Jacket, chief economist Postbank.
“The fall in prices before Christmas has”
The chief economist of Bank Millennium Grzegorz Maliszewski, stresses that the decline in prices positively surprising. Less pay primarily for food and fuel. Ekpert emphasizes that the preparation of the holidays and getting to them can cost us cheaper than a year earlier. Economist deliberately did not use the term deflation, meaning decline in the general price level. According to Grzegorz Maliszewski deflation has negative consequences for the economy, and in Poland we do not have to deal with them. With the transition price drops households have more money for other expenses.
Fall in prices is deeper than expected by economists. According to Grzegorz Maliszewski, such a situation may occur for the first quarter of 2015, and perhaps even in April.
Deflation in October was 0.6 percent.
Mateusz Szczurek, Minister of Finance: deflation in force until November.
Source: TVN24 Business and World / x-news
IAR / PAP, bless
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