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 ?
While I'm not doubting the truth of your figures, it might be less depressing to compare the underlying inflation rates with those of our European partners.
The underlying inflation rates in the Riksbank forecast are approximately the same: 1.
To judge from the inflationary effects in the alternative scenarios, it is relatively unlikely that the current outlook for growth (no matter whether developments follow the NIER or the Riksbank forecast) would lead to an underlying inflation rate above 2 percent.