Poland’s September consumer prices were down 0.8% year on year after a 0.6% y/y decline in July and versus consensus expectations for 0.6% y/y decline, stats office GUS said in a flash CPI estimate.
Month on month, August consumer prices fell by 0.2%, versus expectations for flat price levels m/m.
GUS notes that due to experimental nature of the release, the data may differ from final figures.
Polish households’ inflation expectations remained virtually flat in September with the 12M average forecast rate at 0.2% for the 14th consecutive month, the central bank NBP said citing a survey by stats office GUS.
The survey was conducted after the public release of the June annual inflation rate at -0.7%.
During periods of negative inflation the measurement of inflation expectations is characterized by higher uncertainty and should be treated as an approximation, the NBP stressed.