The indicator for core inflation, excluding indirect tax effects, was 1.0% in August, down from 1.1% in the previous month. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 1.8%, slipping from 1.9%; and the indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, rose to 2.2% from 2.1%.
The MNB said the indicatorsʼ levels “continue to show a moderate inflation environment”. Headline inflation was 0% year-on-year in August, the Central Statistical Office (KSH) said earlier on Tuesday, down from a 0.4% increase in July. Seasonally-adjusted core inflation was 1.2%.
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