Did the Fed’s favorite inflation gauge cool in July?
The Fed’s favorite inflation gauge cooled in July. The Personal Consumption Expenditures inflation index fell on a monthly basis in July as gas prices swooned. An annual gauge slowed. Shoppers in New York this month. The Federal Reserve has raised interest rates in an effort to bring down inflation and cool the economy.
What is the “prices-only” underlying inflation gauge (Uig)?
The “prices-only” underlying inflation gauge (UIG) is derived from a large number of disaggregated price series in the consumer price index (CPI), while the “full data set” measure incorporates additional macroeconomic and financial variables.
Why did inflation fall in July?
Want to see it on more articles? The numbers: A key gauge of U.S. inflation fell in July for the first time in more than two years thanks to tumbling gas prices, giving Americans some relief from a rapidly rising cost of living.
What is the US inflation rate?
The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year. Inflation is one of the metrics used by the US Federal Reserve to gauge the health of the economy.