The core inflation, which reflects the
underlying inflation in the economy, remained unchanged at 6.1 percent in July on year-on-year basis.
Underlying inflation was a little higher than the 2 percent inflation target.
Underlying inflation is a little higher than the inflation target.'
The core measures are expected to hold just under a 2.0% y/y clip in February, consistent with a subdued backdrop for
underlying inflation. Retail sales, also up today, has us anticipating growth of 0.3% in January after the 0.1% dip in December.
The factors
underlying inflation movements and NBS expectations for the period ahead will be discussed in more detail at the presentation of the Inflation Report on 17 May 2018.
* Monetary policymakers and others would benefit from a smooth, broad based, real-time measure of
underlying inflation.
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 33.0% y-o-y last month, which is the highest rate since June 1986.
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.
