Core inflation at 0.4% in July

Core inflation, excluding food and energy prices, amounted to 0.4 percent year-on-year in July, compared to 1 percent in June, the National Bank of Poland said on Wednesday. Inflation excluding state-controlled prices amounted to -0.4 percent y/y compared to -0.1 percent in June. Inflation excluding the most volatile prices amounted to 0.2 percent y/y compared to 0.3 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 0.3 percent compared to 0.5 percent in June, the NBP also said.