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NY Fed Underlying Inflation Gauge (UIG) Metric Dip

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According to the NY Fed, the latest UIG "full data set" measure for August is currently estimated at 4.5%, a 0.2 percentage point decrease from the current estimate of the previous month.

  • The "prices-only" measure for August is currently estimated at 6.0%, a 0.1 percentage point decrease from the current estimate for the previous month.
  • The twelve-month change in the August CPI was +8.3%, a 0.2 percentage point decrease from the previous month.
  • For August 2022, trend CPI inflation is estimated to be in the 4.5% to 6.0% range, a slightly wider range than July, with a 0.2% decrease on its lower bound and a 0.1% decrease on its upper bound.

NY Federal Reserve/MNI

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According to the NY Fed, the latest UIG "full data set" measure for August is currently estimated at 4.5%, a 0.2 percentage point decrease from the current estimate of the previous month.

  • The "prices-only" measure for August is currently estimated at 6.0%, a 0.1 percentage point decrease from the current estimate for the previous month.
  • The twelve-month change in the August CPI was +8.3%, a 0.2 percentage point decrease from the previous month.
  • For August 2022, trend CPI inflation is estimated to be in the 4.5% to 6.0% range, a slightly wider range than July, with a 0.2% decrease on its lower bound and a 0.1% decrease on its upper bound.

NY Federal Reserve/MNI