Research (Česká spořitelna)
Macroeconomics  |  January 16, 2013 09:52:38

Inflation in Hungary under estimates, retail growth has slowed in Poland

In Hungary, surprised positively retail inflation to rise by 5% per year (ie slightly less than expected market). This was due to the fact that it did not show the expected increase in excise duty on tobacco products.

In Poland, the retail price growth slowed to 2.4% (the 2.5% expected). The biggest impact on inflation, the fall in prices of fuel and clothing. Overall inflation in the coming months should continue to decline due to weak demand. The figure has increased the chances of a rate cut in February (as noted committee member Monetary Chojna-Spirit, which had accepted lower rates in the ongoing cycle of monetary easing to between 3.0 to 3.5%), but critical to the assessment ofprobability of a rate cut at the next meeting of central banks to Friday's data, especially industrial production.

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