The Central Bank of Poland released its October 2025 core inflation indices, with inflation excluding food and energy at 3.0% year on year and the Consumer Price Index (CPI) at 2.8% year on year. Most core measures eased compared with the previous month. Inflation excluding administered (state-controlled) prices was 2.3% year on year (from 2.5%), inflation excluding the most volatile prices was 3.4% (from 3.7%), and the 15% trimmed mean was 2.6% (from 2.9%). The central bank reiterated that it computes four core measures monthly to help identify sources of inflation and assess persistence, noting that the inflation measure excluding food and energy is commonly used in inflation targeting because it better reflects prices more responsive to monetary policy than food and energy.
Central Bank of Poland 2025-11-17
Central Bank of Poland publishes October core inflation data showing 3.0% inflation excluding food and energy and 2.8% CPI
The Central Bank of Poland reported October 2025 core inflation indices, with inflation excluding food and energy at 3.0% year on year and the Consumer Price Index at 2.8%. Most core measures showed a decline from the previous month, with inflation excluding administered prices at 2.3% and the 15% trimmed mean at 2.6%. The bank emphasized using four core measures to identify inflation sources and assess persistence, highlighting the measure excluding food and energy for its relevance to monetary policy.