underlying inflation

USAGE SUMMARY

'underlying inflation' is a correct and usable part of a sentence in written English.
You can use it to refer to a general trend in rising prices that exists over a period of time, even when short-term movements up or down might be observed. For example: "The underlying inflation rate increase has resulted in a general rise in the cost of living."

✓ Grammatically correct

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Underlying inflation is "quite stable".

The New York Times

Meanwhile, underlying inflation lifted sharply in January.

The Guardian

America's underlying inflation rate is already uncomfortably high.

The Economist

But underlying inflation showed only a modest gain.

The New York Times

At the same time underlying inflation seems broadly under control.

The Economist

Weak underlying inflation and heightened political risk made an extension inevitable, it said.

The Guardian - Business

Economic activity remains soft, with underlying inflation likely to edge lower from relatively modest levels.

The New York Times

Underlying inflation is under control — in fact, too much under control.

The New York Times

It also said that measures of underlying inflation had been subdued, a reference to core prices.

The New York Times

Based on underlying inflation expectations, real interest rates are still above 2%.

The Economist

In 1986, underlying inflation was running at almost 10%, against 1.5% now.

The Economist

Expert writing Tips

Best practice

When discussing monetary policy, use "underlying inflation" to refer to the component of inflation that is driven by long-term trends rather than short-term volatility.

Common error

Avoid using "underlying inflation" interchangeably with headline inflation. Headline inflation includes volatile components like food and energy prices, while underlying inflation provides a clearer picture of long-term trends.

Linguistic Context

The phrase "underlying inflation" functions as a noun phrase, typically used to describe a specific type of inflation metric. Ludwig AI shows that this phrase is used to define and analyze economic conditions and their impact. It serves to provide a stable view of price trends, excluding short-term volatility.

Expression frequency: Very common

Frequent in

News & Media

80%

Encyclopedias

10%

Science

5%

Less common in

Formal & Business

3%

Reference

1%

Wiki

1%

Ludwig's WRAP-UP

In summary, "underlying inflation" is a frequently used noun phrase that refers to the long-term trend of price increases in an economy, excluding volatile components like food and energy. Ludwig AI confirms its grammatical correctness and common usage, particularly in news and media, as well as encyclopedic contexts. It is an important metric for policymakers and economists, as it helps in making informed decisions about monetary policy. Remember to distinguish it from headline inflation to avoid confusion. Related phrases include "core inflation rate" and "real inflation trend".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

core inflation rate

Focuses on the rate aspect of core inflation, highlighting its measurement.

core price pressures

Emphasizes the pressures on core prices that contribute to inflation.

real inflation trend

Highlights the actual trend of inflation after removing temporary effects.

persistent inflationary pressures

Focuses on the enduring nature of inflationary forces.

fundamental inflation

Stresses the basic, underlying nature of inflation.

embedded inflation rate

Indicates how inflation is built into the economy.

structural inflation factors

Highlights the structural elements causing inflation.

intrinsic price increases

Emphasizes the inherent price rises, not influenced by external shocks.

basic inflationary momentum

Focuses on the momentum driving the underlying inflation.

long-term inflation pattern

Highlights the pattern of inflation over an extended period.

FAQs

How is "underlying inflation" typically measured?

Typically, "underlying inflation" is measured by excluding volatile items like food and energy prices, providing a more stable view of long-term price trends. This measure is also known as core inflation.

What's the difference between "core inflation" and "underlying inflation"?

"Core inflation" and "underlying inflation" are often used interchangeably. Both refer to inflation measures that exclude volatile components like food and energy to better reflect long-term price pressures.

Why is "underlying inflation" important for policymakers?

"Underlying inflation" is crucial for policymakers because it provides a clearer signal of long-term price trends, enabling them to make informed decisions about monetary policy without being swayed by short-term volatility.

What can I say instead of "underlying inflation"?

Depending on the context, you can use alternatives such as "core inflation rate", "real inflation trend", or "persistent inflationary pressures".