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Underlying Inflation Gauge (UIG)

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The FRED Blog shows new wage growth tracker data from the Atlanta Fed. The post-pandemic upsurge in the median growth rate of typical labor earnings reflects the resilient conditions of the overall labor market and the upward pressure on nominal wages resulting from the recent bout of above-average inflation

FRED has added 2 Underlying Inflation Gauge data series from the Federal Reserve Bank of New York.

The Underlying Inflation Gauge (UIG) is a monthly estimate of trend inflation. The New York Fed uses consumer price index data from the US Bureau of Labor Statistics (BLS) to produce its two estimates: the full data set measure combines many of the BLS price data series with several macroeconomic and financial variables; the prices-only measure solely employs BLS price data. 

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