As one such indicator, the Bank has begun to release the “CPI for all items less fresh food and energy” on a monthly basis. While the rate of change in the core CPI has been at around 0 percent recently, that in the CPI for all items less fresh food and energy has risen to 1.2 percent lately (Chart 3).
Moreover, the trimmed mean is increasingly becoming important since the indicator automatically removes highly volatile items every month – given that fluctuations in commodity prices and foreign exchange rates have amplified. The “10 percent trimmed mean” has been rising moderately and is currently at 0.6 percent, and this contrasts sharply with the declining trend observed about the same period last year.