The Central Bank of Poland published its May 2025 core inflation indices, showing headline consumer price inflation (CPI) at 4.0% year on year and inflation net of food and energy at 3.3% year on year, down from 3.4% a month earlier. Other core measures showed inflation excluding administered (state-controlled) prices at 2.5% (from 2.7%), inflation excluding the most volatile prices at 4.6% (unchanged), and the 15% trimmed mean at 3.8% (from 3.9%). The central bank computes these four indices monthly to better identify inflation sources and assess persistence, noting that the net-of-food-and-energy measure is widely used in inflation targeting because it reflects prices more responsive to monetary policy than food and energy components.
Central Bank of Poland publishes May 2025 core inflation data with CPI at 4.0% and core net of food and energy at 3.3%
The Central Bank of Poland released its May 2025 core inflation indices, with headline CPI at 4.0% year on year and inflation net of food and energy at 3.3%, down from 3.4% the previous month. Other measures include inflation excluding administered prices at 2.5% and the 15% trimmed mean at 3.8%. These indices help identify inflation sources and assess persistence, with the net-of-food-and-energy measure being crucial for inflation targeting.