From the CPI released today.
figure 1: Annual core CPI inflation (bold black), instantaneous core CPI inflation (T=12,a=4) (tan), instantaneous core month-on-month CPI inflation (green), m/m super core (sky blue) , instantaneous core PCE deflator (red), both calculated at an annual rate.instantaneous inflation rate Eckhout(2023). The authors use an X-13/log transformation to seasonally adjust the level of chained CPI. Data sources: BLS, BEA (via FRED), Bureau of Labor Statisticsand the author's calculations.
Instantaneous super core inflation was essentially flat.look Pavus Skrzypczynski More information about the shelter in front of the service core.
Instantaneous headline CPI inflation fell (the same as last year).
figure 2: Year-on-year overall CPI inflation (bold black), instantaneous overall CPI inflation (T=12,a=4) (tan), instantaneous overall month-on-month CPI inflation (green), instantaneous PCE deflator inflation (red) , both are annual data rates.instantaneous inflation rate Eckhout(2023). The authors use an X-13/log transformation to seasonally adjust the level of chained CPI. Sources: BLS, BEA (via FRED), and author's calculations.
More from CEA today.
More information on grocery prices will be released soon.
