Base inflation at 0.9% in November – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.9 percent in November y/y. In m/m terms it increased by 0.1 percentage points, according to data released by Poland’s Central Bank NBP. Inflation excluding state-controlled prices amounted to 2.7 percent compared to 2.2 percent in October. Inflation excluding the most volatile prices amounted to 1.8 percent compared to 1.5 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 2 percent compared to 1.7 percent in October, the NBP also said. The CPI inflation in November stood at 2.5 percent y/y according to data released by the Central Statistics Office GUS.