Breaking News

Banco Espirito Santo Drops as Much as 41.5% in Lisbon Trading
Tweet TWEET

Poland Says Inflation May Fall Below 3.5% by November

(Corrects year of budget target in first paragraph.)

Recent data show that Poland’s inflation rate may drop below 3.5 percent on a sustained basis in November or December, indicating that the 2012 budget target of 4 percent average inflation isn’t at risk, the Warsaw-based Finance Ministry said today in an e-mailed statement.

Consumer price growth may fluctuate over the next few months due to the base effect of year-earlier inflation, the ministry said.

To contact the reporter on this story: David McQuaid in Warsaw at dmcquaid1@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.