Narodowy Bank Polski (National Bank of Poland) published its February 2026 core inflation readings, showing inflation excluding food and energy at 2.5% year on year, while headline Consumer Price Index (CPI) inflation was 2.1% year on year. Other core measures were 1.6% year on year excluding administered prices (unchanged from the prior month), 2.3% excluding the most volatile prices (down from 2.6%), and a 15% trimmed mean of 2.2% (down from 2.4%). The central bank publishes four core inflation indices monthly to help distinguish underlying inflation pressures, noting that the food-and-energy-excluding measure is commonly used because it better reflects prices more responsive to monetary policy than energy and food components.
Central Bank of Poland 2026-03-16
Narodowy Bank Polski reports February 2026 core inflation at 2.5% and CPI inflation at 2.1% year on year
The National Bank of Poland reported February 2026 core inflation at 2.5% year on year, excluding food and energy, with headline CPI inflation at 2.1%. Other core measures include 1.6% excluding administered prices, 2.3% excluding the most volatile prices, and a 15% trimmed mean of 2.2%. The bank emphasizes the food-and-energy-excluding measure for its responsiveness to monetary policy.