Core inflation excluding food and energy prices was 8.4% in September. per year – informs the National Bank of Poland. Compared to July, this is a decrease of 1.6 percentage points.
The National Bank of Poland also reported that core inflation excluding administered prices stood at 6.8 percent on an annual basis compared to 8.9 percent in August.
Core inflation excluding the most volatile prices was 10.9%. in September compared to 12.7 percent a month earlier.
Core inflation, calculated using the 15% trimmed average method, was 9.3%. in September compared to 11 percent in August.
Monday’s NBP reading is slightly better than forecast by economists, who expected core inflation in September at 8.6%. y/y.
Data from the Central Bureau of Statistics on inflation in September
Inflation in September was 8.2%. per year – the Central Bureau of Statistics reported last Friday. Compared to the previous month, prices of goods and services decreased by 0.4%.
On an annual basis, the price increase for services was 9.7% and for goods 7.6%. Compared to August, prices of goods and services fell by 0.4%. (including goods decreased by 0.5% and services prices by 0.2%).
“In September this year, the biggest impact on the price index of consumer goods and services in general, compared to the previous month, was lower prices in the areas of transport (by 2.9%), health care (by 2.6% ), food (by 2.6%). 0.4 percent) and recreation and culture (by 1.5 percent), reducing this indicator by 0.26 percentage points, 0.15 percentage points, 0.11 percentage points and 0, respectively. 09 percentage points decreased.” – reported the Central Bureau of Statistics.
“Higher prices for clothing and footwear (by 2.5%), education (by 4.9%) and restaurants and hotels (by 0.7%) increased the index by 0.1 percentage points respectively. 0.06 percentage points and 0.04 percentage points – we read in the announcement.
“Compared to the same month of the previous year, higher prices for food (by 10.1%) and housing (by 9.2%) increased this indicator by 2.49 percentage points and 2.32 percentage points respectively. Lower transport prices (by 2. 8%), this indicator fell by 0.27 percentage points – reports the Central Bureau of Statistics.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
