What Powell Said at the FOMC about Today’s PCE Price Index: “We Still Have Work to Do Though, Is How We’re Looking at it. We Need policy to Remain Restrictive to Get that Work Done” by Wolf Richter • Dec 20, 2024 • 42 Comments Inflation is still in services, no progress in 6 months. Another bummer: Durable goods deflation, a contributor to cooling inflation, may be over.
PPI, “Core” PPI, “Core Services” PPI Inflation Much Hotter after Whopper Up-Revisions Going Back Months by Wolf Richter • Dec 12, 2024 • 80 Comments The problem is in services, which account for 67% of PPI. But goods prices are re-accelerating too. The whole inflation scenario has changed.
Beneath the Skin of CPI Inflation: CPI & “Core” CPI Accelerate Further Month-to-Month, 3-Month Averages Heat Up for 4th Month. Year-over-Year, CPI Accelerates for 2nd Month by Wolf Richter • Dec 11, 2024 • 64 Comments On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off.
Used-Vehicle Prices Turn into Inflation Headwind, after Historic 2-Year Plunge Helped Power the “Deceleration” of Core CPI by Wolf Richter • Dec 7, 2024 • 47 Comments Prices are rising again, amid tight supply, sharply reduced flow through the used-vehicle pipeline, and strong demand.
Cut the Price and They Will Come: New-Vehicle Sales Jump amid Big Discounts and Incentives, as Inventory Balloons by Wolf Richter • Dec 4, 2024 • 91 Comments But prices are still way too high, and automakers are not cutting them nearly enough.
Inflation Re-Accelerates Despite Plunging Gasoline Prices as “Core Services” PCE Price Index Hits 7-Month High by Wolf Richter • Nov 27, 2024 • 148 Comments Core services inflation is the biggie, and it’s going the wrong way. The Fed is already talking down the pace of rate cuts.
ECB’s Own Measure of Wage Increases Blows Fuse, Sets Off Alarms about Stubbornly Hot Services Inflation by Wolf Richter • Nov 20, 2024 • 57 Comments Meanwhile, the ECB’s QT marches on, balance sheet has shed €2.45 trillion since the peak, or 59% of its pandemic QE.
After More Up-Revisions, “Core” PPI & “Core Services” PPI Inflation Get Much Worse, Accelerating All Year by Wolf Richter • Nov 14, 2024 • 76 Comments But goods prices are relatively tame. Energy prices plunge.
Beneath the Skin of CPI Inflation: Overall CPI Accelerates for 4th Month, “Core” CPI for 3rd Month on Re-spiking Used Vehicle Prices & Rising Homeowner Costs by Wolf Richter • Nov 13, 2024 • 68 Comments Year-over-year, CPI and “core” CPI are starting to show the effects of the month-to-month increases since the “inflation is vanquished” summer.
Our F-150 XLT & Camry LE Price Index, Going Back to 1990, Is Updated with 2025 Model-Year Prices. There Were Some Twists by Wolf Richter • Nov 11, 2024 • 132 Comments Ford cuts truck prices after grotesque increases in prior years. Toyota axes the base Camry; new base Camry is a more expensive hybrid.
