MNB's underlying inflation indicators drop
All three of the National Bank of Hungary's (MNB) "underlying measures of inflation" fell in September, the central bank announced today.
The MNB twelve-month inflationary measures fell for the first time since April 2014. The drop followed an across-the-board rise in August.
The core inflation indicator, excluding indirect tax effects, was 1.2% in September, down from 1.5% in August.
The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was 1.4% after increasing to 1.7% in August.
The indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, fell one-tenth of a percentage point to 1.6%.
Consumer prices in Hungary were down 0.5% year-on-year in September after rises in the previous two months, the Central Statistics Office (KSH) reported earlier today.
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