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%.
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