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NY Fed Underlying Inflation Gauge (UIG) Slips Lower

US

According to the NY Fed, the latest UIG "full data set" measure for November is currently estimated at 4.1% -0.2% from October.

  • The "prices-only" measure for November is currently estimated at 5.6%, a 0.1 percentage point decrease from the current estimate of the previous month.
  • The twelve-month change in the November CPI was +7.1%, a 0.7 percentage point decrease from the previous month.
  • For November 2022, trend CPI inflation is estimated to be in the 4.1% to 5.6% range, a slightly wider range than October, with a 0.2% decrease on its lower bound and a 0.1% decrease on its upper bound.

NY Federal Reserve

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