Pricing was up 4.5%, as it benefited from improvements in underlying price
and package mix, such as high sales of smaller cans.
Likewise, core inflation-which excludes selected volatile food and energy items to measure underlying price
pressures-was also lower at 3.2 percent in July from 3.3 percent in June.
Core inflation continue to rise on account of rise in HRI and exchange rateCore inflation (NFNE) inched up by +1.7% m/m to +7.8% reflecting the underlying price
increase of mainly house rental index and recent budgetary measures.
7 percent in December suggests that underlying price
pressures are easing.
Al-Falih told Bloomberg that the riots in France over hikes in the cost of diesel was a result of "governments unreasonably taxing energy," rather than the underlying price
of crude oil.
Core inflation excludes selected volatile food and energy items to measure underlying price
On the other hand, core inflation--which excludes selected volatile food and energy items to measure underlying price
pressures--rose to 4.9 percent in October from 4.7 percent in the previous month.
This is supplemented by the growing trend of decentralisation which has driven the underlying price
of gold up 2 per cent since the start of the year."
The analyst notes however that the quarter also showed "solid volume growth and underlying price
progression" while also pointing to strong demand trends, forecasting more pricing and margin upside in the coming quarters.
This higher cost sharing and movement of generics to higher tiers did not correspond with an increase in the underlying price
of generic drugs over that same time period, according to an analysis by Avalere experts of the average volume-weighted price of generics that were included on plan formularies in both 2011 and 2015.
At this juncture, we think that the impact was more of a knee-jerk, although a more pronounced implication may still be felt through the impact on underlying price