-7-  Reliability of the Three New Core Measures Of the various core measures we evaluated, we found CPI-trim, CPI-median and CPI-common all met three of our four criteria: they were found to be roughly unbiased, more persistent than CPI inflation and related to underlying macroeconomic drivers, notably the output gap.
To illustrate the relationship of AMLC and PAGCOR, we have the inverted triangle method of supervision. We have the AMLC on one corner, and the supervising agencies, that is, the Bangko Sentral ng Pilipinas, the Insurance Commission, the Securities and Exchange Commission, the heads of which form the Council, on the other corner.