Consumer inflation will likely accelerate to 0.9% y/y in January from December's 0.7% y/y (thus, prices will probably grow by 0.2% on the month), according to the ministry of economy's forecast. It stressed that the December figure was higher than its expectations (of 0.6% y/y, i.e. the same as in November). The ministry expects a slight faster monthly growth of food prices in January, coupled with increases of housing-related fees. At the same time, vice-minister of finance Janusz Cichon deems that consumer inflation may accelerate slightly in Q1 of 2014, but inflationary pressure should remain low throughout the year. This, he argues, would support the Monetary Policy Council's (MPC) view that interest rates should remain unchanged at least till the end of H1 of 2014. The December inflation figure turned out to be in line with market consensus.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Quiznos Files for Chapter 11
- Vybz Kartel Convicted of Murder
- U.S. Consumer Sentiment Falls in Early March
- U.S. to Relinquish Gov't Control Over Internet
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Koch Brothers Step up Anti-Obamacare Campaign