Or, “who needs a stinkin’ independent central bank, non-Trump edition.”
Could this article explain why at 1:30 AM CST as I awaited data on the Russian Central Bank’s interest rate decision… nothing happened?
Category Archives: inflation
FT-Booth December Survey of Macroeconomists
2025 q4/q4 growth median forecast is 2.3%. Here’s a comparison against forecasts and nowcasts.
If You Thought Grocery Prices Were High, Wait for Mass Deportation
Wages for farm workers and food processing will likely rise, if the past is any guide.
Eggs
Instantaneous Core and Supercore Inflation for November
Including PPI and nowcasted PCE:
Instantaneous Inflation in November (and October)
Up for CPI and chained CPI.
Whose Real Wage?
EJ Antoni writes:
Today’s employment data showed further gains in earnings, but cumulative price increases have still far outpaced earnings growth over the last 4 years.
According to the Household Budget Index, it’s even worse when just considering prices for things you have to buy, i.e., food, housing, etc.
Wages Nominal and Real across the Distribution
Reader Michael writes:
…high income wage growth has grown much faster than medium and low income wage growth patterns.
How Much Has the Price Level Risen for Consumers? Seven Measures
The conventionally used CPI-U is in the middle of the pack.
Average Wages (Still) Rising Faster than Inflation
A comparison between CPI, chained CPI, PCE price index, and HICP deflation: