Deflation in Poland fell by the record 0.6% in October on annual basis

Deflation in Poland surprised and fell by the record 0.6% in October on annual basis. This is probably the deepest deflation in 58 years (although data before 1990 is not fully comparable), since the early reign of Gomułka. This is the biggest problem for the Polish MPC which said the price index will return back to the target of 2.5%, and interest rates unchanged. At the same time, the MPC decided that more attention should be given to the economic growth.