The Central Bank of Poland published its monthly core inflation indices for June 2025, showing Consumer Price Index inflation at 4.1% year on year and inflation excluding food and energy at 3.4% year on year. Across the other measures, inflation excluding administered (state-controlled) prices was 2.5% (unchanged from the previous month), inflation excluding the most volatile prices was 4.5% (down from 4.6%), and the 15% trimmed mean was 3.7% (down from 3.8%). The release reiterates that the central bank computes four core inflation indices to better identify inflation sources and assess persistence, with the food-and-energy-excluded measure widely used in inflation targeting because it is more responsive to monetary policy than food and energy prices.
Central Bank of Poland releases June 2025 core inflation data with CPI at 4.1% and core excluding food and energy at 3.4%
The Central Bank of Poland released its June 2025 core inflation indices, reporting a Consumer Price Index inflation of 4.1% year on year and inflation excluding food and energy at 3.4%. Other measures include inflation excluding administered prices at 2.5%, inflation excluding the most volatile prices at 4.5%, and the 15% trimmed mean at 3.7%. The bank emphasizes using these indices to identify inflation sources and assess persistence, with the food-and-energy-excluded measure crucial for inflation targeting.