In fact, the core nonfood manufactured products inflation moderated from 4.2 per cent to 3.9 per cent. What did cause the structural break in the mid-2000s? A disaggregated assessment suggests that protein items largely contributed to this change in trend (Table 3).
3  Core inflation is generally estimated by excluding volatile food and fuel components from the headline inflation, though there are various statistical methods of estimation of core inflation. Analytically, core inflation is considered as an indicator of demand conditions. 4  Estimated by Bai-Perron test.