The Central Bank of Poland published its core inflation indices for March 2025, showing inflation net of food and energy at 3.6% year on year, while headline Consumer Price Index inflation was 4.9%. Other core measures showed inflation excluding administered prices at 3.4% (from 3.5% a month earlier), inflation excluding the most volatile prices at 5.0% (from 4.9%), and the 15% trimmed mean at 4.6% (unchanged). The bank calculates four core indices monthly to help identify inflation drivers and gauge the persistence of price pressures, and notes that the net-of-food-and-energy measure is commonly used in inflation targeting because it is more responsive to monetary policy than food or energy prices.
Central Bank of Poland 2025-04-16
Central Bank of Poland reports March 2025 core inflation net of food and energy at 3.6% and CPI at 4.9%
The Central Bank of Poland reported March 2025 core inflation indices, with inflation net of food and energy at 3.6% year on year and headline Consumer Price Index inflation at 4.9%. Other measures showed inflation excluding administered prices at 3.4%, excluding the most volatile prices at 5.0%, and the 15% trimmed mean at 4.6%. These indices help identify inflation drivers and assess price pressure persistence, with the net-of-food-and-energy measure crucial for inflation targeting.