Poland’s CPI likely remained unchanged in April

Deflation in Poland is expected to have stayed unchanged in April from March’s level of -0.9% y/y, according to Societe Generale. In month-on-month terms, CPI is expected to have risen 0.4%. Food prices are likely to have risen 0.3% m/m, while transport prices are expected to have grown 1.8%, which is mainly because of 2.4% m/m rise in fuel prices, added Societe Generale.

The footwear and clothing component is also expected to have grown at around 3% m/m. The month-on-month increase in CPI is mainly because of these three components. The combined three components are likely to contribute about 0.4pp to the final figure, noted Societe Generale.