Services Inflation Rages at Four-Decade High: Fueled by Rents, Auto Insurance, Repairs, Airfares, Hotels, Pet Services, Food Services, Delivery by Wolf Richter • Mar 14, 2023 • 228 Comments But durable goods prices drop, energy inflation eases, food inflation is less bad.
Used-Vehicle Auction Prices Jump for Third Month, after Last Year’s Plunge. More Trouble Brewing for “Core” CPI by Wolf Richter • Mar 7, 2023 • 82 Comments Retail supply of used cars and trucks dropped for second month in a row. Dealers bid up prices to replenish their inventories.
Global Supply Chain Pressure Index Drops Below Average for First Time since Aug. 2019, after Horrendous Spikes by Wolf Richter • Mar 6, 2023 • 112 Comments Inflation in goods normalized, but has exploded in services where there are no supply chain issues.
Inflation Dishes Up Another Nasty Surprise: Eurozone Core CPI without Energy Spikes to Record, Services CPI Spikes to Record by Wolf Richter • Mar 2, 2023 • 102 Comments What it looks like when inflation gets deeply entrenched in the broad economy, even as energy inflation backs off.
Least Geeky Explanation Ever of Differences Between CPI and PCE Price Index which the Fed Uses as Yardstick by Wolf Richter • Feb 27, 2023 • 55 Comments OK, “least geeky ever,” I mean I don’t know that, but you get the idea. Fed governor Jefferson outlines the differences in a lecture at Harvard.
“Disinflation” Hoopla Sunk by Spiking Prices in January, Upward Revisions for Oct-Dec: Services PCE Price Index Worst since 1984, Goods Jump, “Core PCE” Red-Hot Again by Wolf Richter • Feb 24, 2023 • 181 Comments Inflation Horror Show. The Fed has got a problem on its hands.
As Inflation Spikes to 41-Year High, Bank of Japan Promises to Let her Rip by Wolf Richter • Feb 24, 2023 • 87 Comments A political decision to solve Japan’s horrid fiscal mess by fueling inflation, and forget that 2% target.
Commodities’ Wild Ride: Spikes, Plunges, Re-spikes: Lithium, Lumber, Coal, Wheat, Copper, Steel, Iron Ore, Soybeans, Coffee, Corn by Wolf Richter • Feb 23, 2023 • 93 Comments Oh no, coffee! Commodities are not moving in lockstep.
How the CPI “Weights” Changed and Moved CPI: Meet the Surprises by Wolf Richter • Feb 21, 2023 • 91 Comments In numbers and charts: The weight changes in the major CPI categories pushed up overall CPI.
Annual Services Inflation Rages at New Four-Decade High, Monthly Overall CPI Hottest since June by Wolf Richter • Feb 14, 2023 • 179 Comments Price drops in durable goods stalled. Food and energy prices rose. Core CPI has jumped by 14.6% in two years.
