Month-on-month vs year-on-year, and headline, chained, sticky price, 16% trimmed, and (for April) PCE deflator.
Category Archives: inflation
Sixty Years of the “Misery Index”
The simple sum of the unemployment rate and the (y/y) inflation rate:
You Can Easily Get Low Inflation If You *Really* Want To
Cross Country Core CPI Trends
Core CPI has accelerated in many countries.
How Much Did US Inflation Accelerate Relative to the Euro Area Rate?
Since the Covid pandemic struck in the US in 2020M02, 1.1 percentage points; since 2021M03, 1.6 percentage points, using HICPs (0.4 ppts and 0.7 ppts, respectively using CPI for US, HICP for Euro Area).
Survey of Professional Forecasters May Survey Results in Perspective
Drop in GDP trajectory, rise in inflation expectations, and expected long rates up.
Different Measures of Consumer Inflation
Official, chained, sticky price, 16% trimmed, and (for March) PCE deflator.
Inflation-Disinflation-Deflation Illustrated
Yesterday, a discussion on Marketplace (w/Justin Ho) about how these terms fit together. In order to explain, consider a broad price index (e.g., CPI). Then one can illustrate these concepts graphically:
Year-on-year vs. Month-on-month inflation for Headline, Core
Dramatic plunge in headline CPI m/m inflation, but both headline and core surprise on upside.
Inflation Adjusted Wages since the Pandemic
Inflation exceeds average hourly earnings in the aggregate (private sector) and for Leisure and Hospitality Services (production and nonsupervisory). But they are still ahead of 2020M02 levels.