Underlying Inflation

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Underlying Inflation

Inflation caused by a reduction in the value of money rather than price changes in volatile products. For example, rising gasoline prices may reduce the spending power of one's income, but this may be due to factors external to money such as excessive speculation. Underlying inflation measures changes to the supply and demand for money itself. See also: Core Inflation.
References in periodicals archive ?
There is an underlying inflation rate of 10-15% linked to rising oil revenues and salary increases for 1393 that would put inflation in 1393 in the ball park of the government forecast.
Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 3.
The oft-cited core CPI (with OER) would reflect an underlying inflation rate of 2.
The annual underlying inflation rate increased to 1.
For the medium term, Tsang projected an annual average growth rate of 4 percent for 2013 to 2016, while the underlying inflation rate is expected to average 3.
The underlying inflation rate in 2008 is estimated to rise to 4.
Other relative prices must then fall, so that over the intermediate to long term, the average rate of the price rise tends to equal the underlying inflation rate as determined by monetary policy.
AS much as I want to buy a house, the current level of house prices and underlying inflation rate is making it impossible to access the first rung on the ladder.
Using an unrounded CPI data set as a benchmark reveals that the published values differ from an unrounded benchmark approximately a quarter of the time, and the errors can be large relative to the true underlying inflation rate.
By this measure, the underlying inflation rate was 0.
The strength of the peso has been critical to bringing the underlying inflation rate to last year's 3.
Even news that the UK's underlying inflation rate rose to 3% last month - its highest level for almost five years - failed to deter buyers.