Most underlying inflation measures climb slower than headline CPI

Analysis

Image by Pixabay

Most of the National Bank of Hungaryʼs (MNB) “underlying measures of inflation” accelerated at a slower rate than headline CPI in October, data published by the central bank today reveal, according to Hungarian news agency MTI.

The indicator for core inflation, excluding indirect tax effects, was 1.3% in October, rising from 1.1% in the previous month. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 2.0%, climbing from 1.9%; 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 1.8% from 2.0%.

The MNB said the indicatorsʼ levels "continue to show a moderate inflation environment".

“Householdsʼ inflation expectations have been broadly unchanged since early 2015, remaining at moderate levels in line with low underlying inflation developments,” the central bank added.

Headline inflation was 0.1% year-on-year in October, the Central Statistics Office (KSH) said earlier on Tuesday, accelerating from -0.4% in September. Seasonally-adjusted core inflation was 1.5%.

ADVERTISEMENT

Romanian Salary up in June, Under Inflation Figures

Romanian Salary up in June, Under Inflation

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.