NBP: core inflation in May ‘24 at 3.8% y/y
17:35
In May 2024, core inflation in Poland decreased to 3.8% y/y from 4.1% in April 2024. Month-on-month, core inflation was 0.1%, down from 0.7% the previous month, according to the National Bank of Poland (NBP). Excluding administered prices, inflation was 2.4% compared to 2.3% in the previous month. Excluding the most volatile prices, it stood at 3.1% versus 3.5% previously. Excluding food and energy prices, inflation was 3.8%, down from 4.1% in April. The trimmed mean CPI, which excludes 15% of items with the highest and lowest price changes, remained stable at 3.0% compared to the previous month.
Overall, the Consumer Price Index (CPI) in May 2024 was 2.5% year-on-year and 0.1% month-on-month, following 2.4% and 1.1% respectively in April 2024.
