core inflation
noun
        economics      
      
                                
                                
              
          
                                                      : a measure of inflation that excludes items having volatile prices (such as fuel and food) from the price index being used                                      
              
                             
The Federal Reserve's past emphasis on core inflation, which strips food and energy from the price indexes in order to gauge the underlying trend of prices, has always confused both Wall Street and Main Street.— James C. Cooper
James C. Cooper
                         
              
                                                        compare headline inflation                                      
                
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