The recent core inflation data published by Poland’s central bank show that core inflation is not letting up, a business organisation has said.
The National Bank of Poland (NBP) reported on April 17 that Poland’s core inflation, which excluded the prices of food and energy, measured 12.3% YoY in March 2023, up from 12% in February. March’s Consumer Price Index (CPI) stood at 16.1%.
“Core inflation has still been going up. In January, it amounted to 11.7%, in February it grew to 12% and in March it increased to 12.3%,” the Lewiatan Confederation wrote on April 17 in a comment to the NBP data.
According to Lewiatan, the level of core inflation shows whether inflation is a persistent problem or only a temporary growth of prices.
Lewiatan also reminded that the main goal of rate-setting body, the Monetary Policy Council, was to reduce or stabilise the core inflation. (PAP/Business World Magazine)
