Core inflation at 0.4%

Core inflation, excluding food and energy prices, amounted to 0.42 percent year-on-year in November, compared to 0.2 percent in October, the National Bank of Poland said on Tuesday. Inflation excluding state-controlled prices amounted to -0.9 percent y/y compared to -0.8 percent in October. Inflation excluding the most volatile prices amounted to -0.3 percent y/y compared to -0.1 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 -0.2 percent compared to 0 percent in October, the NBP also said.