PCE Inflation Hits 4.0% Month-to-Month Annualized, Worst since March. 3-Month PCE Hits 2.9%, Worst since April. But Massive “Base Effect” in Services Cools YoY Increases by Wolf Richter • Feb 28, 2025 • 29 Comments December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for first time in a year.
Inflation Spikes to 4.0% in Japan, Much Worse than in the US. BOJ Babied its Rate to Just 0.5%, with More Baby Hikes in View by Wolf Richter • Feb 21, 2025 • 51 Comments The strategy: Let inflation rip to bring the horrible debt-to-GDP ratio down. Households & yield investors pay for it. Turns out, no free lunches after all.
PPI Inflation Accelerates to +3.5% yoy, Worst in 2 Years, Driven by Services amid Massive Up-Revision of Services Inflation by Wolf Richter • Feb 13, 2025 • 95 Comments Inflation is festering and accelerating in services (two-thirds of overall PPI), not in goods.
Beneath the Skin of CPI Inflation: Worst Month-to-Month Acceleration of CPI since Aug 2023, on Spikes in Used Vehicles, Non-Housing Services, Food, Energy by Wolf Richter • Feb 12, 2025 • 100 Comments Inflation has been going in the wrong direction relentlessly month-to-month since June.
Treasury Market’s Inflation Expectations Become “Unanchored” by Wolf Richter • Feb 11, 2025 • 134 Comments Why the Fed vigorously backpedaled on further rate cuts and pivoted to wait-and-see: Long-term interest rates matter.
Used Car & Truck Prices Heading Higher on Tight Supply, Strong Demand, after U-Turn in mid-2024 from Historic Plunge. Used EV Prices Jump by Wolf Richter • Feb 8, 2025 • 88 Comments Already putting pressure on CPI inflation. Now comes tax-refund season.
Inflation Festers in Core Services, No Progress in 12 Months. PCE Price Index Accelerates for 3rd Month: Justifies Fed’s Pivot to Wait-and-See by Wolf Richter • Jan 31, 2025 • 261 Comments In a broader sense, there has been no progress at all on inflation in eight months.
ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging by Wolf Richter • Jan 17, 2025 • 21 Comments Inflation far from over. ECB risks throwing fuel on top of it.
The Fed Needs to Watch Out: Amid Strong Demand from our Drunken Sailors, Retail Sales Surged in Late 2024 and Inflation Caught its Second Wind by Wolf Richter • Jan 16, 2025 • 162 Comments More consumers, more workers, more jobs, more money. GDPNow jumps upon these retail sales.
Beneath the Skin of CPI Inflation: YoY CPI +2.9%, Worst since July, MoM CPI +0.39% (+4.8% Annualized), Worst since February. Core CPI Stuck for 7th Month at 3.1%-3.3% by Wolf Richter • Jan 15, 2025 • 88 Comments Categories that helped power the cooling of CPI are U-Turning – used & new vehicles, food, energy – just as housing seems to be coming in line.
