Core inflation at 9.1% in June - Central Bank
19:44
Core inflation reached 9.1 % in June, the National Bank of Poland (NBP) said. The figure was up from the 8.5% recorded in May this year. A year ago it was at 3.5%.
Core inflation excluding fixed prices rose to 15.9% year on year in June from 14.0% in the previous month.
Core inflation excluding the most volatile priced items stood at 11.2% year on year in June, up from 10.4% the month before.
The NBP data is lower than the inflation rate reported by the Central Statistical Office (GUS), which stood at 15.5% in June. However, these are two completely different approaches to estimating price growth. The bank statistics omit the most volatile elements of inflation, such as food and energy. It allows, in particular, to identify the underlying causes of the price rise.
Source: Business Insider
