Poland’s inflation rate rose above the top end of the central bank’s target range in January for the first time in five months, driven by the higher cost of fuel and energy. The rate was 3.6 percent after 3.5 percent in December, the Central Statistical Office in Warsaw said in a statement today. The median estimate of 15 economists surveyed by Bloomberg was 3.5 percent. Consumer prices rose 0.5 percent on the month.
Inflation was driven by fuel prices, which grew 1 percent from December and were 10.9 percent higher than in the same month in 2009. The central bank forecasts inflation will slow toward the 2.5 percent target of policy makers in the second quarter.
Read more:http://www.businessweek.com/news/2010-02-15/polish-inflation-rate-rises-past-central-bank-target-update1-.html
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