September inflation: everyone will likely claim to have been right

HUNGARY - Note 10 Oct 2017 by Istvan Racz

CPI-inflation data for September was published this morning. The considerable good news was a marginal drop of the yoy headline rate, to 2.5% from 2.6% in August, in the wake of just 0.1% rise of average prices in September, and a 0.1% monthly decrease of non-fuel prices, leading to an unchanged 2.4% for the yoy non-fuel rate. The similarly considerable bad news was that core inflation was further up to 2.9% yoy from 2.8% in August, on a 0.1% monthly increase, and that the three adjusted core rates, estimated by the MNB with a view to correcting the various deficiencies of the main core rat...

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