Poland’s producer price index (PPI) declined 8.6% year on year in April (chart), following a revised fall of 9.9% y/y in March, the country’s statistics office GUS said on May 22. The PPI has been on an incrementally declining trend as inflationary pressures are easing in Poland in the wake of the ongoing economic slowdown. “We expect the scale of PPI deflation to systematically decrease in the coming months,” PKO BP said. PPI deflation is “facilitated by the dissipation of commodity price shocks, the absence of significant supply chain tensions, and still reduced demand compared to the peak o…
