OMG this is driving me crazy! Was just about to post this bug.
I’m sure this has to do with the recent XYZ/LUF change.
This is making working in the editor very annoying. I use the SHIFT movement all the time. This only happens when in the local space. World space movement is as expected.
Please fix this BUG to save our sanity. Depending on the local axis orientation the movement can be way off too. This video is showing the SHIFT-drag movement with the gizmo.