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The Warsaw Voice » Business » May 28, 2014
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Polish consumption growth offsets deflation threat – central bank official
May 28, 2014   
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Poland is largely safe against the threat of deflation as rising consumption can fend off price declines, central bank NBP board member Andrzej Raczko told PAP Polish news agency.

"I think Poland is not threatened by this type of threat as we are seeing a rather high nominal rate of wage growth which undoubtedly supports consumption," Raczko said of the underlying price outlook.

Rising household incomes are most likely to head towards price-nudging consumption, not savings, Raczko said.

More recent downticks in headline inflation readings are "short-term" and seasonally driven, Raczko said. The upshot: "I don't think that Polish households would expect deflation."
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