The Poland CPI fell to 3.6% y/y in November compared to 3.8%y/y expected by the
market. The monthly increase amounted to 0.1%. The historically low
inflation was primarily enabled by falling fuel prices and consequently by
the transportation prices. Fuel prices dropped by 15% y/y or 1.9% m/m, while
transport prices fell 4.6% y/y or 0.8% m/m. Additionally, the decline in
inflation was also influenced by the low increase in food prices, which
amounted to only 0.2% in November compared with 0.6% in October.
(Jakub Dvořák - ČSOB)