The core inflation, which reflects the underlying inflation
in the economy, remained unchanged at 6.1 percent in July on year-on-year basis.
has been slightly lower than projected.
was a little higher than the 2 percent inflation target.
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.