Base inflation at 0.9% in December – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.9 percent in December y/y. In m/m terms it remained unchanged, according to data released by Poland’s Central Bank NBP. Inflation excluding state-controlled prices amounted to 2.2 percent compared to 2.7 percent in November. Inflation excluding the most volatile prices amounted to 1.8 percent compared to 1.8 percent a month earlier. The so-called trimmed mean, which excludes the impact of 15 percent of the price basket with the lowest and highest growth rates, was at 1.6 percent compared to 2 percent in November, the NBP also said. The CPI inflation in December stood at 2.1 percent y/y according to data released by the Central Statistics Office GUS.