From today’s edition:
figure 1: Monthly annualized headline CPI inflation (blue), Bloomberg August 9, 2022 consensus (blue squares) and year-over-year inflation (pink) and Bloomberg consensus (red triangles). The NBER uses shades of grey to define the peak and trough dates of the recession. Source: U.S. Bureau of Labor Statistics, Bloomberg, and NBER.
figure 2: Month-to-month annualized core CPI inflation (blue), Bloomberg consensus (blue squares) and year-on-year inflation (pink) and Bloomberg consensus (red triangles). The NBER uses shades of grey to define the peak and trough dates of the recession. Source: U.S. Bureau of Labor Statistics, Bloomberg, and NBER.
The realized value of inflation – core and headline – is lower than the Cleveland Fed’s now forecast.
resource: Cleveland Fedaccessed 10 August 2022.
Bloomberg Noticing a drop in gasoline-powered headlines.More discussion at CEA.
