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NY Fed Underlying Inflation Gauge (UIG) Recedes

US

According to the NY Fed, the latest UIG "full data set" measure for October is currently estimated at 4.2%, a 0.3 percentage point decrease from the current estimate of the previous month.

  • The "prices-only" measure for October is currently estimated at 5.7%, a 0.3 percentage point decrease from the current estimate of the previous month.
  • The twelve-month change in the October CPI was +7.7%, a 0.5 percentage point decrease from the previous month.
  • For October 2022, trend CPI inflation is estimated to be in the 4.2% to 5.7% range, a similar range to September, with a 0.3% decrease on its lower and upper bounds.

NY Federal Reserve/MNI

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