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The Warsaw Voice » Business » March 19, 2018
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Inflation perspectives
March 19, 2018   
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Poland's inflation is expected to accelerate in the coming months after a surprising slowdown to 1.4% year on year in February and then ease again towards the end of the year due to high base for food prices, Rzeczpospolita daily wrote citing economists. Inflation path in 2018 will run lower than assumed in the latest inflation projection of the NBP central bank: it will peak mid-year at 2.0-2.1% rather than 2.5% and could decline even below 1.5% in November-December. Average annual inflation will be lower than the 2.1% assumed by the central bank and will rather reach 1.8%, Plus Bank economist Wiktor Wojciechowski told the daily. Bank Pocztowy's chief economist Monika Kurtek, on the other hand, expects the consumer price index (CPI) to peak at 2.3-2.4% this year and to reach average annual level of 2% at most, she said, as quoted by Puls Biznesu daily. Base inflation, closely monitored by the rate council, also declined in February reaching 0.8-0.9%, Puls Biznesu writes citing estimates of ING BSK's chief economist Rafal Benecki. The data could solidify the council's stance that accelerating wage growth will not have a big impact on inflation.
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