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Poland Inflation Slows In January

Poland's consumer price inflation slowed for the fifth consecutive month in January, preliminary data from Statistics Poland showed on Friday.

The consumer price index rose 0.9 percent in January following a 1.1 percent increase in December. Inflation has been slowing since hitting 2 percent in August.

Price growth remained below the central bank's target band of 2.5 percent +/- 1 percentage points.

Economists had expected inflation to slow to 1.0 percent in January.

On a month-on-month basis, the consumer prices edged up 0.1 percent after remaining unchanged in both November and December. Economists had expected a 0.1 percent rise.

Prices of food, non-alcoholic and alcoholic beverages, tobacco rose by 0.9 percent. Meanwhile, costs of transport and dwelling fell by 1.9 percent and 0.7 percent, respectively, in January.

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