The Central Bank of Poland released its core inflation indices for August 2025, reporting Consumer Price Index (CPI) inflation of 2.9% year on year and core inflation excluding food and energy of 3.2% year on year, down from 3.3% in the previous month. Other core measures also eased: inflation excluding administered (state-controlled) prices fell to 2.5% from 2.7%, inflation excluding the most volatile prices to 3.8% from 3.9%, and the 15% trimmed mean to 3.0% from 3.2%. The bank computes four core indices monthly to help identify underlying inflation sources beyond headline CPI; it highlighted that the food-and-energy-excluding measure is most commonly used because it focuses on prices more responsive to monetary policy, while food and energy are more exposed to weather conditions and global market pricing.
Central Bank of Poland 2025-09-16
Central Bank of Poland publishes August core inflation at 3.2% excluding food and energy with CPI at 2.9%
The Central Bank of Poland reported August 2025 core inflation indices, with Consumer Price Index inflation at 2.9% year on year and core inflation excluding food and energy at 3.2%, down from 3.3% in July. Other core measures also eased, including inflation excluding administered prices at 2.5% and the 15% trimmed mean at 3.0%. The bank emphasized the food-and-energy-excluding measure for its responsiveness to monetary policy.