Governor Dr Ernest Addison said that while inflation expectations appeared to be well anchored, there were some emerging pressures underlying inflation
in the last two months of 2017.
The note sounded very optimistic about underlying inflation
; however, the underlying inflation
remained higher than consistent with the CBE's target, the inflation jumped to 33.
Moreover, measures of underlying inflation
remain overall at subdued levels.
The CBE highlighted in a statement Thursday that despite the decrease of the headline inflation, the underlying inflation
remained higher than consistent with achieving its target, which led the bank's committee to take its decision.
Washington, Rajab 7, 1437, Apr 14, 2016, SPA -- US consumer prices rose less than expected in March and underlying inflation
slowed, the government said Thursday, suggesting that the Federal Reserve (Fed) will remain cautious about increasing interest rates this year.
Summary: US consumer prices barely rose in August as the cost of energy fell, but an increase in rents and medical care costs pointed to stabilization in underlying inflation
that could allow the Federal Reserve to start trimming its bond purchases.
This analysis examines the Riksbank's forecasts of CPI inflation and underlying inflation
(UND1X/CPIX and CPIF) for systematic errors at 1- to 24-month horizons, and finds that the central bank's forecasts of both CPI inflation and underlying inflation
contain systematic errors.
consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation
was so weak it could worry the U.
In this Economic Commentary, we highlight the usefulness of trimmed-mean measures (chiefly, the median CPI) in gauging the underlying inflation
trend and forecasting future inflation.
Ee To counter the rising inflationary pressures, especially if underlying inflation
is increasing rapidly, the Central Bank of Tunisia (BCT) will have to further tighten its conservative monetary policy, which does not rule out a further increase in key interest rate.
Stabilising consumption might allay fears of uncontrolled economic slowdown and keep CBR in its wait-and-see mode for the time being, but as headwinds to the growth outlook persist and underlying inflation
remains muted, the regulator is likely to tilt to a more accommodative stance later in Q1 13.
Measures of underlying inflation
produced by the Federal Reserve Bank of Cleveland, the median CPI and 16 percent trimmed-mean CPI, rose 2.