Gábriel, Péter; Molnár, György; Rariga, Judit - In: MNB Bulletin 8 (2013) 3, pp. 25-35
defines its 3 per cent inflation target in terms of the consumer price index. However, this indicator is quite volatile, and … policy should generally look through. In this context, the need has arisen to develop measures of inflation which capture … measures to capture underlying inflation. These measures have increasingly become an important part of the decision …