Services Now Drive Inflation: Worst in 40 Years Services CPI & “Core CPI” Show Inflation Is Entrenched in Broad Economy. Some Goods Prices Fall, Gasoline Plunges by Wolf Richter • Oct 13, 2022 • 225 Comments Health insurance up 28%. Housing costs spike. Food-away-from-home spikes most since 1981. But used vehicle CPI falls. Inflation Whac-A-Mole.
Social Security COLA for 2023 Biggest since 1981, Might Finally Outpace Inflation, Unless Inflation Dishes Up More Surprises by Wolf Richter • Oct 13, 2022 • 197 Comments Beneficiaries got whacked over the head in 2021 and 2022 by raging inflation that outran the COLAs.
The WOLF STREET Real-World New-Vehicle Price Index, F-150 XLT & Camry LE, 2023 Models: Ford’s Truck Price Shocker by Wolf Richter • Oct 12, 2022 • 132 Comments But Toyota barely raised the price of the Camry. Here are 32 years of real-world price increases compared to the CPI for New Vehicles.
Something Big Has Already Broken: Price Stability by Wolf Richter • Oct 11, 2022 • 138 Comments The Fed will tighten “Until Something Breaks?” Wait a minute…
There’s Lots of “Liquidity” in the Treasury Market, but at Higher Yields, in this Raging Inflation by Wolf Richter • Oct 10, 2022 • 185 Comments Higher Yields Solve “Liquidity” Problems.
THE WOLF STREET REPORT: Something Big Has Already Broken: Price Stability by Wolf Richter • Oct 9, 2022 • 331 Comments The Fed will tighten “Until Something Breaks” and then pivot? Wait a minute…
Fed’s Favored Inflation Index Says: Underlying Inflation Just Isn’t Slowing Down at All by Wolf Richter • Sep 30, 2022 • 140 Comments Everyone wants to know when inflation is finally going to cry uncle.
Eurozone Inflation Spikes to 10%, Ex Energy 6.4%. Germany 10.9%. From Temporary Inflation mid-2021 to Runaway Inflation by Wolf Richter • Sep 30, 2022 • 77 Comments This inflation shock finally goosed the ECB out of its reckless NIRP policies.
My “Wealth Disparity Monitor”: QT, Rate Hikes, Dropping Stocks & Bonds Reduce Outrageous US Wealth Disparity by Wolf Richter • Sep 26, 2022 • 293 Comments Wealth of the “Top 0.1%” drops by $12 million per household; the wealth of the “Bottom 50%,” who have nearly nothing, rises.
This Inflation Will Be Tough to Get under Control by Wolf Richter • Sep 22, 2022 • 275 Comments It’s like a dam broke. And now higher interest rates and mortgage rates for much longer, with lower asset prices, as the Everything Bubble gets repriced.