Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The rate of inflation excluding normally volatile components, such as energy and produce prices.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun economics Inflation without the increase or decrease of prices in some sectors (usually food and energy).
- noun economics Inflation without energy, food, alcohol and tobacco prices.
Etymologies
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Examples
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Core consumer inflation focuses on the underlying and persistent trends in inflation by excluding prices set by the government and the more volatile prices of products, such as food and energy, most affected by seasonal factors or temporary supply conditions. Core inflation is also watched closely by policymakers. Calculation of an overall inflation rate—for a country, say, and not just for consumers—requires an index with broader coverage, such as the GDP deflator.
Inflation: Prices on the Rise Ceyda Oner is a deputy division chief in the IMF’s Finance Department. 2019
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