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 2024)
 

Last table update: October 16, 2024 — data for September 2024

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 %)
04-2024 2.4 2.3 3.5 4.1 3.0
05-2024 2.5 2.4 3.1 3.8 3.0
06-2024 2.6 2.5 3.3 3.6 3.1
07-2024 4.2 2.8 4.6 3.8 4.2
08-2024 4.3 2.9 4.8 3.7 4.0
09-2024 4.9 3.4 5.3 4.3 4.4
changes to the previous month (in %)
04-2024 1.1 1.2 0.9 0.7 0.9
05-2024 0.1 0.1 0.3 0.1 0.2
06-2024 0.1 0.1 0.2 0.2 0.2
07-2024 1.4 0.1 1.2 0.4 0.4
08-2024 0.1 0.1 0.1 0.3 0.2
09-2024 0.1 0.0 0.4 0.3 0.2

Source: NBP calculations based on Statistics Poland data

The core inflation index publication calendar in 2024 year

Date of publication Data for
18 November 2024 October 2024
16 December 2024 November 2024
16 January 2025 December 2024
Core inflation indices are published at 2:00 pm.