What does Non-Core CPI measure?
It measures the consumer-price component made up of all items excluded from the core CPI — typically the most volatile categories such as food and energy plus regulated and seasonal prices.
How many countries and which frequencies and period are covered?
The indicator covers 3 countries across Latin America and the Caribbean at annual, monthly and quarterly frequency, spanning 1990 to 2026.
What units and transformations are available?
Values are published as an index and as an index rebased to 2023 = 100, in average-of-period and end-of-period forms and year-to-date (YTD), with month-on-month (MoM %), quarter-on-quarter (QoQ %) and year-on-year (YoY %) transformations.
Where does the data come from?
Data are compiled from INEGI - Mexico and the Instituto Nacional de Estadística e Informática de Perú, with internal calculations based on INDEC - Argentina, where the non-core index is derived residually rather than published officially.
What are typical uses of this indicator?
It is used to separate transitory price movements from underlying inflation, monitor the pass-through of food, energy and regulated-price shocks, and support monetary-policy and inflation-forecasting analysis.
How do I cite this indicator?
Cite as: Inter-American Development Bank (IDB), Latin Macro Watch — "Non-Core CPI". data.iadb.org/dataset/latin-macro-watch-dataset.
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