The Core inflation, which indicates the
underlying inflation in the economy, declined from 2.
Core inflation, which excludes volatile items and is closely watched by the Bank of Canada, suggested
underlying inflation was not as tame, holding steady at an annualized 2.
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.
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.
Following a rate cut in December,
underlying inflation in Norway has increased, the central bank said.
Underlying inflation, a gauge used by Morocco's central bank to set the benchmark interest rate and which excludes state tariffs and volatile prices, rose 1.
The answer to all three remains a very clear and firm 'no' - pointing to low demand, not
underlying inflation.
Despite this, indicators of capacity usage and core inflation suggest
underlying inflation remains constrained.
