| Measure of core inflation published |
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| Wednesday,June 20,2007 Posted: 20:47 BJT(47 GMT) BoB |
The Central Statistics Office (CSO) has commenced publishing measures of core inflation on a monthly basis; hence, this will be part of the monthly inflation highlight posted on the Bank of Botswana website. The core inflation measure is intended to capture underlying long-term inflation by excluding the influence of price changes which result from temporary supply shocks, and/or are not entirely due to normal supply or demand forces prevailing in the markets. Two measures have been adopted for publication: the 16 percent trimmed mean, and inflation excluding the impact of administered prices such as for fuel, public transport and utilities. For more details of these measures, see the May 2007 Consumer Price Index (CPI) brief, published by CSO, and the technical guide to the new CPI basket, scheduled to be published in August 2007.
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