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Poland Posts First Deflation, Rekindling Rate-Cut Calls

Poland’s consumer-price index last month plunged below zero for the first time since the early 1980s, bolstering arguments for a rate cut in coming months.

Consumer prices fell 0.2 percent from a year earlier after a 0.3 percent gain in June, the statistics office in Warsaw said today. That matches the median estimate of 30 economists in a Bloomberg survey. Prices slipped 0.2 percent from June. It was the first recorded annual drop in the Polish price index in at least 32 years, the statistics office said.