Warsaw (Puls Biznesu) – Despite the rebound in inflation growth rate in April, economists say that there will be no dynamic CPI growth in the near future.
In April inflation growth rate amounted to 0.7 percent, up from 0.4 percent a year earlier. On the monthly basis, the growth rate was also 0.7 percent, the Central Statistical Office GUS said.
“The data is a little bit better than the market expected. Bond yields grew 5-7 base points, and zloty depreciated a little bit”, Urban Gorski, Bank Millennium economist commented.
He sees three reasons for the inflation.
“Food prices grew 0.7 percent, fuel by 5.2 percent. Plus higher fees for natural gas (by 14.1 percent), which in turn caused higher prices of energy”, Bank Millennium economist enumerated.
Economists do not worry about inflation this year. Despite the third consecutive increase noted in May in the index of future inflation.
“Inflation remains very low and it won’t only grow now. In the third quarter it will fall below 0.5 percent and reach 1.2 percent in December. Before, it will be lower than 1 percent”, Bartosz Pawlowski, ING BSK economist believed.