Core inflation excluding food and energy stood at 3.0% year on year in June 2026, the National Bank of Poland reported. This was 0.1 percentage point lower than in May. During the same period, the consumer price index, or CPI, reached 2.5% year on year.
All core inflation measures declined
Inflation excluding administered prices, meaning prices directly or indirectly controlled by the state, stood at 2.1% year on year in June. In May, the indicator was 2.8%.
Inflation excluding the most volatile prices declined from 3.3% in May to 2.8% in June.
The core inflation measure most closely watched by economists, which excludes food and energy prices, stood at 3.0% year on year, compared with 3.1% a month earlier.
The 15% trimmed mean also fell to 2.8%, from 3.3% in May. This measure excludes the impact of the 15% of categories in the consumer basket with the lowest and highest rates of price growth.
