Inflation in Poland in April 2025

Inflation in Poland in April 2025

On May 16, 2025, the National Bank of Poland published the latest data on core inflation indicators for April 2025. Key information:

Main inflation indicators:

• CPI inflation (consumer price index): 4.3% y/y

• Core inflation (excluding food and energy prices): 3.4% y/y

Detailed core inflation analysis:
Compared to March 2025, the following changes were observed:

• Inflation excluding administered prices: 2.7% (vs 3.4% previous month)

• Inflation excluding most volatile prices: 4.6% (vs 5.0%)

• Inflation excluding food and energy prices: 3.4% (vs 3.6%)

• 15% trimmed mean: 3.9% (vs 4.6%)

Why is core inflation important?
The NBP regularly calculates four core inflation indicators, which help:

• Better understand Poland's inflation structure

• Identify persistent price trends by separating short-term factors (energy price fluctuations) from long-term ones

• More accurately forecast future inflation trends

Key conclusions:

• Core inflation (3.4%) remains below the overall CPI (4.3%)

• Decrease in most indicators suggests easing inflationary pressure

• Energy and food prices remain influenced by global factors

Source: NBP