September 30, 2024 07:23 GMT
POLAND: Inflation Data On Tap
POLAND
Poland's inflation may have accelerated to +4.9% Y/Y in September, with sequential price growth steady at +0.1% M/M. Preliminary data will cross the wires at 09:00BST/10:00CEST. The NBP expects inflation to quicken into the year-end, chiefly on the back of energy price hikes, before cooling later in 2025.
- PKO expect inflation to quicken to +4.9% Y/Y from +4.3%. They note that base effects (caused by last year's decline in prices in the health and communications, as well as relatively low food prices), which should also boost core CPI. They believe that headline inflation will remain close to its September levels through the end of this year.
- Santander wrote that inflation may have accelerated to +4.8% Y/Y from +4.3%, owing largely to base effects caused by last year's loosening of eligibility criteria for a free drug programme and discounts offered by a major streaming service.
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