KSH altering core inflation calculation
Hungary's Central Statistics Office (KSH) yesterday said it will change the way it calculates core inflation, removing spirits and tobacco products from the index.
The modification, taken in line with best practices in Europe, will reduce overlap between headline inflation and core inflation, which excludes volatile fuel and food prices, from 73% to 63%, KSH said.
The changes will take effect from the release of April CPI, it added. Higher tobacco prices, lifted by European Union-mandated excise tax increases, have driven recent rises in headline inflation. KSH will release the April CPI on May 11.
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.