PCE Inflation Accelerates. But Tariffs Haven’t Shown Up Yet: Why the Fed Is in Wait-and-See Mode by Wolf Richter • Jun 27, 2025 • 70 Comments The 6-month PCE price index accelerated to 2.8% annualized, despite dropping energy prices. It’s been 2.7% to 3.3% in 2025, sharply higher than in the 2nd half of 2024.
The Corporate-Profit Explosion Stalls in Q1, on the Eve of the New Tariffs by Wolf Richter • Jun 26, 2025 • 61 Comments In some industries, profits surged. In others, profits sagged. By major industry.
Tariff-Inflation Watch: CPI Inflation in Light of the Tariffs by Wolf Richter • Jun 11, 2025 • 122 Comments No signs yet of tariffs getting passed through to consumers, neither in durable goods nor in clothing and footwear.
How Financial Services, a Market Plunge in April, and a Historic Cliff-Dive by Recreation Services Messed with PCE Inflation Today. But a Snap-Back Cometh by Wolf Richter • May 30, 2025 • 55 Comments Outside of two heroes that pushed down the overall indices, there isn’t anything benign about this PCE inflation data.
Beneath the Skin of CPI Inflation: Services Inflation Bounces Back, No Signs yet of Tariffs Getting Passed to Consumers by Wolf Richter • May 13, 2025 • 59 Comments Inflation in April: Rent, motor vehicle insurance & maintenance, eating out, medical care services, rental cars. But prices of apparel & shoes fell.
I’ve Been Screaming about Rising Used-Vehicle Prices since Aug 2024 (and No One Paid Attention) but Suddenly It’s the Tariffs? by Wolf Richter • May 7, 2025 • 75 Comments The issue has been tight used-vehicle inventory due to reduced influx of 2021/2022 model years after the new-vehicle shortages at the time.
NY Fed’s “Multivariate Core Trend” Inflation Measure Hits 3.0%, Worst in Over a Year, Predicts Acceleration of PCE Price Index by Wolf Richter • May 5, 2025 • 93 Comments Driven largely by non-housing services. Just in time for the Fed meeting.
Inflation Is in the Revisions? What Stands Out Once Again in the PCE Price Index? Sharp Up-Revisions of Prior Month’s Inflation by Wolf Richter • Apr 30, 2025 • 66 Comments Up-revisions pushed the 12-month core PCE price index for February to +3.0%, and the 6-month to +3.4%, worst since July 2023. But March was benign?
PPI Pushed into Negative by Dropping Prices of Many Goods and Services by Wolf Richter • Apr 11, 2025 • 85 Comments The Producer Price Index is where tariffs will show up first, whether or not companies can pass on those cost increases.
Beneath the Skin of CPI Inflation: Surging Prices of Food, Housing, Medical Care Meet Plunging Prices of Gasoline & Travel Services by Wolf Richter • Apr 10, 2025 • 173 Comments Worst food inflation since 2022. Worst housing inflation in months. But plunging prices for lodging, rental cars, and airfares are interesting.