Core Consumer Price Index (Core CPI) y/y reflects changes in prices of a basket of consumer goods and services in the specified month compared to the same month of the previous year. The index shows price changes from the perspective of the consumer. Food and energy prices are excluded from the indicator due to their high volatility.
The index is calculated in comparison with the reference period prices. The reference period in CPI calculation is 1982.
Consumer Price Index characterizes inflation dynamics.