New NBP Data Confirms Core Inflation Expectations
The National Bank of Poland reported that core inflation, excluding food and energy prices, reached 3.1 percent year-on-year in May 2026, aligning precisely with market analysts’ projections....
The National Bank of Poland reported that core inflation, excluding food and energy prices, reached 3.1 percent year-on-year in May 2026, aligning precisely with market analysts’ projections.
Table Of Content
Core Inflation Trends
Core inflation, which excludes food and energy prices, rose to 3.1 percent year-on-year in May 2026, compared to 3.0 percent in the previous month. This figure met the market consensus of 3.1 percent.
Alternative Inflation Indicators
The National Bank of Poland reported that core inflation excluding state-administered prices stood at 2.8 percent, down from 2.9 percent in the prior month. Meanwhile, core inflation excluding the most volatile prices reached 3.3 percent, up from 3.0 percent.
Summary of Consumer Price Data
The core inflation measure calculated using the 15-percent trimmed mean method rose to 3.3 percent, compared to 3.0 percent in the previous month. The broader Consumer Price Index (CPI) for the period was recorded at 3.1 percent year-on-year.