Just in Time for ECB Rate-Hike Meeting: Eurozone Services Inflation Spikes to New Record. Overall Inflation Re-Accelerates by Wolf Richter • May 2, 2023 • 87 Comments These nasty surprises just keep coming when inflation is broadly entrenched in the economy.
This Inflation is Stuck, Churns from Product to Product: Core PCE Price Index Moves Sideways for 9 Months, Stubbornly High Near 5%. To Top it Off, February Was Revised Higher by Wolf Richter • Apr 28, 2023 • 231 Comments It’s just not encouraging at all. Inflation is just shifting around.
But What If We Don’t Get a Recession in 2023? That Would Be a Bummer for Wall Street by Wolf Richter • Apr 19, 2023 • 229 Comments Just a slower-growth muddle-through economy that adjusts to higher rates and sticky inflation.
What Would Happen if the Fed Caves to 4%-5% Core PCE Inflation, Gives up on 2%, as some Folks are Clamoring For? by Wolf Richter • Apr 16, 2023 • 349 Comments The economy would muddle through, but in the markets, all heck would break loose. Here’s why.
Turning Point: CPI Used Vehicles Jumps for First Time since July “Not Seasonally Adjusted,” Tracks Wholesale Price Surge with Two-Month Lag by Wolf Richter • Apr 13, 2023 • 96 Comments The historic plunge in used vehicle retail prices from utterly absurd highs may have ended already.
CPI for Services Rages, Durable Goods Prices Rise Again after 6 Months of Declines. Food Inflation Backs Off, Energy Plunges by Wolf Richter • Apr 12, 2023 • 193 Comments Housing inflation is peaking at 8%-plus.
Services Inflation Rages at Worst Rate since 1984, Keeps “Core PCE” (Fed’s Yardstick) in High Range. Energy & Goods Cool by Wolf Richter • Mar 31, 2023 • 183 Comments PCE inflation measures: Services — nearly two-thirds of consumer spending — that’s where the inflation action is.
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.
