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NY Fed Underlying Inflation Gauge (UIG)

US

According to the NY Fed, the latest UIG "full data set" measure for August is currently estimated at "3.0%, a 0.1 percentage point decrease from the current estimate of the previous month.

  • The "prices-only" measure for August is currently estimated at 2.3%, the same value as the current estimate of the previous month.
  • The twelve-month change in the August CPI was +3.7%, a 0.5 percentage point decrease from the previous month.
  • For August 2023, trend CPI inflation is estimated to be in the 2.3% to 3.0% range, a slightly narrower range than July, with a 0.1 percentage point decrease on its upper bound.

NY Federal Reserve/MNI

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