Core inflation · Poland

Poland Core Inflation Rate YoY

The Poland Core Inflation Rate YoY measures the rise in consumer prices in Poland without the most volatile items, usually food and energy (definitions vary by country).

Importance
Medium
Publié
Monthly
Prochaine publication
Devise
PLN · Polish zloty
Banque centrale
The National Bank of Poland
Influence
EURPLN · USDPLN

Derniers chiffres

La dernière publication, pour SEP, est parue le 2026-10-15 et s’est établie à 3.1%. C’est moins que 3.3% la fois précédente.

Sur les 12 dernières publications, la valeur est allée de 2.5% à 3.3%, avec une moyenne de 2.9%.

Nov 2025: 3%Dec 2025: 2.7%Jan 2026: 2.7%Mar 2026: 2.5%Mar 2026: 2.7%Apr 2026: 2.7%May 2026: 3%Jun 2026: 3.1%Jul 2026: 3%Aug 2026: 3.1%Sep 2026: 3.3%Oct 2026: 3.1% Nov 2025Oct 2026
Résultats réels ; le petit trait sur une barre indique le consensus.
PubliéPourRéelConsensusPrécédent
15 Oct 2026SEP3.1%–3.3%
16 Sep 2026AUG3.3%3.2%3.1%
14 Aug 2026JUL3.1%3.1%3%
16 Jul 2026JUN3%3%3.1%
16 Jun 2026MAY3.1%3.1%3%
18 May 2026APR3%3%2.7%
16 Apr 2026MAR2.7%2.5%2.5%
16 Mar 2026JAN2.7%2.5%2.7%
16 Mar 2026FEB2.5%–2.7%
16 Jan 2026DEC2.7%2.8%2.7%
16 Dec 2025NOV2.7%2.7%3%
17 Nov 2025OCT3%3%3.2%

Voir dans le calendrier économique →

Pourquoi c’est important

Food and energy prices jump with harvests and oil, then fall back. The core rate shows the underlying trend that the National Bank of Poland can actually influence, so it often moves markets more than the headline. Services inflation, driven by wages, is the stickiest part.

Mode de calcul

Statistics Poland (GUS) takes the consumer price index basket, removes the excluded items and re-weights the rest; the change is measured month on month and against the same month a year earlier.

Core inflation (yoy) = core index ÷ core index 12 months ago − 1

Ce que signifient les variations

  • A core rate falling towards the target lets the National Bank of Poland ease; a stubborn core keeps rates high.
  • Monthly core changes of 0.2% compound to about 2.4% a year; 0.3% to about 3.7%.
  • Markets compare the figure with the consensus to one decimal; a 0.1-point surprise moves currencies.

Supérieur aux attentes : A higher figure than expected makes the National Bank of Poland more likely to keep rates high or raise them: it tends to support the Polish zloty and push bond yields up, and is often a weight on stocks.

Inférieur aux attentes : A lower figure than expected gives the National Bank of Poland room to cut or hold rates lower: the Polish zloty tends to soften and bond yields to fall.

Un bref historique

Economists Robert Gordon and others popularised excluding food and energy in the 1970s, when oil shocks made the headline rate misleading; most central banks now publish or watch a core measure.

Questions

What is the Poland Core Inflation Rate YoY?

The Poland Core Inflation Rate YoY measures the rise in consumer prices in Poland without the most volatile items, usually food and energy (definitions vary by country).

What was the latest Poland Core Inflation Rate YoY?

3.1% for SEP, published on 15 October 2026.

When is the next Poland Core Inflation Rate YoY?

On Monday 16 November 2026 at 13:00 UTC.

Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.