Headline CPI flat (below +0.1% consensus), and core CPI inflation at 0.2% (below +0.3% consensus). Here are some pictures of central tendency, trend:
Category Archives: inflation
ShadowStats Online No More
So the world sometimes gets better. ShadowStats reports May CPI y/y inflation at above 7.5%.
Inflation Persistence in the Pandemic Era
(Following up on discussion on Marketplace on Tuesday.) Month-on-Month services inflation after January 2020 is more persistent than nondurable goods inflation (0.68 vs. 0.38). And services core inflation ex-housing is less persistent, at 0.50.
Real Wage Growth and Inflation Prospects
On MarketPlace with Justin Ho, yesterday. I remarked that wage growth (on a 12 month basis) still outstripping inflation.
Inflation: Known Unknowns
In my MJS article on inflation, I wrote:
“The inflation surge is over. Now we’ll see if interest rate increases cause recession.”
From the Milwaukee Journal Sentinel today (title not mine):
CPI Inflation in September: Instantaneous Headline, Core & Headline Median and Trimmed Mean
A bump up except instantaneous core.
Quantity Theory and (Broad) Money Demand in Normal and Abnormal Times
August Consumption, Income, Deflators, post-Comprehensive Revision
Courtesy of Paweł Skrzypczyński:
Guest Contribution: “Underlying Inflation and Asymmetric Risks”
Today we present a guest post written by Danilo Leiva-León (European Central Bank), Hervé Le Bihan (Bank of France) and Matías Pacce (Bank of Spain). The views expressed in this paper are those of the authors and not necessarily those of the Bank of France, Bank of Spain, European Central Bank or the Eurosystem.