Statistics

Core Inflation

From March 2009 Narodowy Bank Polski compiles and publishes four measures of core inflation:

  • inflation net of administered prices*,
  • inflation net of most volatile prices*,
  • inflation net of food and energy prices,
  • 15% trimmed mean.

* Measures of core inflation introduced in March 2009.



Last update: March 15, 2017 — data for February 2017.

month CPI net of administered prices net of most volatile prices net of food and energy prices 15% trimmed mean
  Percentage change to corresponding month of previous year
09/2016 -0,5 -0,6 0,0 -0,4 -0,1
10/2016 -0,2 -0,2 0,2 -0,2 0,3
11/2016 0,0 0,1 0,3 -0,1 0,4
12/2016 0,8 1,0 0,5 0,0 0,7
01/2017 1,7 1,8 0,8 0,2 1,2
02/2017 2,2 2,4 0,9 0,3 1,3
  Percentage change to previous month
09/2016 0,0 0,0 0,0 -0,2 0,1
10/2016 0,5 0,6 0,4 0,4 0,3
11/2016 0,1 0,1 0,1 0,0 0,0
12/2016 0,7 0,8 -0,1 0,1 0,1
01/2017 0,4 0,3 0,2 -0,3 0,4
02/2017 0,3 0,4 0,0 0,1 0,2

Source: NBP calculations based on CSO data

The core inflation index excluding administered prices has been revised due to changes in COICOP classification of goods to administered prices category. The changes follow the recommendations of Eurostat and reflect the shares of administered prices goods in total consumption expenditures. The updated list of administered prices is included in the report Methodology of calculating core inflation measures (Table 2).

Advance release calendar for core inflation indices in 2017

Date of publication Data for
April 12, 2017March 2017
May 15, 2017April 2017
June 13, 2017May 2017
July 12, 2017June 2017
August 14, 2017July 2017
September 12, 2017August 2017
October 13, 2017September 2017
November 14, 2017October 2017
December 12, 2017November 2017

Core inflation indices are published at 2:00 pm.

NBP interest rates

Reference rate 1.50
Lombard rate 2.50
Deposit rate 0.50
Rediscount rate 1.75

Exchange rates

Table of 2017-03-24
1 EUR4.2658
1 USD3.9481
1 CHF3.9839
1 GBP4.9327
100 JPY3.5529

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Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

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+48 22 185 10 00
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