MNB: Despite CPI drop, underlying inflation measures rise
In spite of a drop in year-on-year headline inflation to -0.4% in September from zero in August, two of three of the National Bank of Hungaryʼs “underlying measures of inflation” edged up, data published by the central bank today reveals.
The indicator for core inflation, excluding indirect tax effects, was 1.1% in September, rising from 1.0% in the previous month. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 1.9%, climbing from 1.8%; while the indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, fell to 2.0% from 2.2%.
The MNB said the indicatorsʼ levels “continue to show a moderate inflationary environment”. Headline inflation was -0.4% year-on-year in September, the Central Statistics Office (KSH) said earlier today, down from 0% in August. Seasonally-adjusted core inflation was 1.3%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.