MNB inflation measures on the rise
The three indicators used by the National Bank of Hungary (MNB) as "underlying measures of inflation" rose in August, the central bank announced today.
The indicator for core inflation, excluding indirect tax effects, was 1.5 % year-on-year in August, edging up from 1.4 % in July.
The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 1.7%, up from 1.5% in July.
The indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, was 1.7%, up one-tenth of a percentage point compared to the previous month.
The underlying inflation indicators "rose slightly" from July but the levels "continue to indicate a moderate inflation environment", the MNB noted.
Consumer prices also edged up by 0.2% year-on-year in August, accelerating from a 0.1% increase in July, according to data released by the Central Statistics Office (KSH) earlier today.
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