The Central Bank of Poland published its core inflation indices for March 2025, showing inflation net of food and energy at 3.6% year on year, while headline Consumer Price Index inflation was 4.9%. Other core measures showed inflation excluding administered prices at 3.4% (from 3.5% a month earlier), inflation excluding the most volatile prices at 5.0% (from 4.9%), and the 15% trimmed mean at 4.6% (unchanged). The bank calculates four core indices monthly to help identify inflation drivers and gauge the persistence of price pressures, and notes that the net-of-food-and-energy measure is commonly used in inflation targeting because it is more responsive to monetary policy than food or energy prices.
Central Bank of Poland reports March 2025 core inflation net of food and energy at 3.6% and CPI at 4.9%
The Central Bank of Poland reported March 2025 core inflation indices, with inflation net of food and energy at 3.6% year on year and headline Consumer Price Index inflation at 4.9%. Other measures showed inflation excluding administered prices at 3.4%, excluding the most volatile prices at 5.0%, and the 15% trimmed mean at 4.6%. These indices help identify inflation drivers and assess price pressure persistence, with the net-of-food-and-energy measure crucial for inflation targeting.