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

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