Poland’s core Consumer Price Index (CPI) inflation stood at 3.3%, in line with market expectations, according to the latest data.
Core CPI excludes food and energy prices—two categories most influenced by political decisions—and is therefore considered the most market-driven measure of inflation. Although core inflation has been gradually declining over the past few months, the pace of this decline has been consistent with the assumptions of most market participants.
As a result, the latest reading is unlikely to surprise members of the Monetary Policy Council (RPP) or influence their stance at the upcoming policy meeting.
Author: Piotr Bawolski, CFA
Director of Strategic Clients, Michael / Ström Brokerage House
Source: ceo.com.pl – Core CPI Inflation in Poland Matches Expectations at 3.3% in May
