MNB's underlying inflation indicators drop

Figures

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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