Core inflation inches down to 10.0% in August

In August 2023, Poland experienced a decrease in year-on-year core inflation from 10.6% to 10.0%, while month-to-month core inflation increased from 0.2% to 0.3%, according to the National Bank of Poland. Notably, when specific factors were excluded: Excluding administered prices, inflation dropped from 9.6% to 8.9% year-on-year. Excluding volatile prices, it decreased from 13.7% to 12.7% year-on-year. Excluding food and energy prices, it went from 10.6% to 10.0% year-on-year.

The trimmed mean inflation, which excludes the most extreme price fluctuations, decreased from 12.0% to 11.0% year-on-year.

The Consumer Price Index (CPI) for the period was 10.1% year-on-year and remained steady at 0.0% month-on-month. These figures reflect notable changes in Poland's inflation rates.

Source: obserwatorfinansowy.pl