Core inflation

From March 2009 Narodowy Bank Polski compiles and publishes four measures of core inflation

From March 2009 Narodowy Bank Polski compiles and publishes four measures of core inflation

From March 2009 Narodowy Bank Polski compiles and publishes four measures of core inflation:

  • inflation net of administered prices*,
  • inflation net of most volatile prices*,
  • inflation net of food and energy prices,
  • 15% trimmed mean.

Measures of core inflation introduced in March 2009

Core inflation times series starting from 2001 on a monthly, quarterly and yearly basis 

Methodology of calculating core inflation measures published
by Narodowy Bank Polski
 (updated: March 2023)
 

Last table update: January 16, 2024 — data for December 2023

Month CPI excluding administered prices excluding the most volatile prices excluding food and energy prices 15% trimmed mean
changes to the corresponding month of the previous year (in %)
07-2023 10.8 9.6 13.7 10.6 12.0
08-2023 10.1 8.9 12.7 10.0 11.0
09-2023 8.2 6.8 10.9 8.4 9.3
10-2023 6.6 5.1 9.9 8.0 8.3
11-2023 6.6 5.2 9.2 7.3 7.6
12-2023 6.2 4.8 8.6 6.9 6.9
changes to the previous month (in %)
07-2023 -0.2 -0.3 -0.1 0.2 0.1
08-2023 0.0 0.0 0.1 0.3 0.2
09-2023 -0.4 -0.5 0.0 -0.1 -0.1
10-2023 0.3 0.3 0.6 0.6 0.3
11-2023 0.7 0.8 0.4 0.0 0.2
12-2023 0.1 0.1 0.2 0.3 0.0

Source: NBP calculations based on Statistics Poland data

The core inflation index publication calendar in 2024 year

Date of publication Data for
18 March 2024 January & February 2024
16 April 2024 March 2024
16 May 2024 April 2024
17 June 2024 May 2024
16 July 2024 June 2024
16 August 2024 July 2024
16 September 2024 August 2024
16 October 2024 September 2024
18 November 2024 October 2024
16 December 2024 November 2024
16 January 2025 December 2024
Core inflation indices are published at 2:00 pm.