BOM Core Inflation for February 2011
13 years, 1 month ago - March 11, 2011
All the three underlying measures of inflation rose in February 2011. CORE1 inflation stood at 3.7 per cent for the twelve-month period ended February 2011, up from 3.4 per cent for the twelve-month period ended January 2011. CORE2 inflation increased from 3.0 per cent for the twelve-month period ended January 2011 to 3.2 per cent for the twelve-month period ended February 2011. A year earlier, CORE1 and CORE2 stood at 2.3 per cent and 3.4 per cent, respectively.
TRIM10 inflation, which trims 5% of the most volatile items in the CPI on both sides of the distribution, rose to 3.5 per cent in February 2011, from 3.1 per cent for the twelve-month period ended January 2011. TRIM10 inflation stood at 2.5 per cent in February 2010
Notes:
- Effective July 2007, Core inflation data are compiled using the new basket of goods and services derived from the 2006-07 Household Budget Survey.
- CORE1 excludes “Food, Beverages and Tobacco” components and mortgage interest on housing loan from the CPI basket.
- CORE2 excludes Food, Beverages, Tobacco, mortgage interest, energy prices and administered prices from the CPI basket.
- TRIM10 truncates 5 per cent of each tail of the distribution of price changes
