Continued lockdown measures keep underlying inflation low
Main points
Largest decline in underlying inflation since the start of the pandemic
Slight pickup in underlying inflation amid high uncertainty
Underlying inflation moderated due to weak demand and uncertainty
Headline Inflation at Multi-Year Low but Underlying Inflation Unchanged
Underlying Inflation Diverges at Regional Level
Underlying Inflation Picks Up as CPI Inflation Falls
Underlying Inflation Reflects Inflationary Pressure
CPI Reflects Lower Fuel Prices
CPI Inflation Stabilises