The Central Bank of Poland released its core inflation indices for July 2025, showing headline Consumer Price Index (CPI) inflation of 3.1% year on year and core inflation excluding food and energy of 3.3%. Other core measures in year-on-year terms were 2.7% excluding administered prices (up from 2.5% in the previous month), 3.9% excluding the most volatile prices (down from 4.5%), and 3.2% for the 15% trimmed mean (down from 3.7%). The central bank calculates these indices monthly to assess underlying inflation dynamics and distinguish more persistent price pressures from short-lived movements, with the ex food and energy measure highlighted as the core indicator most commonly used in inflation-targeting analysis.
Central Bank of Poland 2025-08-18
Central Bank of Poland publishes July 2025 core inflation data with CPI at 3.1% year on year
The Central Bank of Poland reported July 2025 core inflation indices, with headline Consumer Price Index (CPI) inflation at 3.1% year-on-year and core inflation excluding food and energy at 3.3%. Other measures include 2.7% excluding administered prices, 3.9% excluding the most volatile prices, and a 15% trimmed mean of 3.2%. These indices are calculated monthly to evaluate underlying inflation dynamics and persistent price pressures.