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.
CPI Just Got Revised Higher for October through December. The Revisions Take a Bite out of “Disinflation” Hoopla by Wolf Richter • Feb 10, 2023 • 205 Comments Released Friday afternoon, the annual revisions by the BLS went in the wrong direction.
Services PCE Price Index Spikes, But Goods PCE Price Index Falls as Energy Prices Plunge: Core PCE Re-accelerates by Wolf Richter • Jan 27, 2023 • 80 Comments Services inflation is tough to stamp out, and it has taken over inflation. Powell will be talking about it.
Bank of Canada: “We’re Pausing to Assess Whether We’ve Done Enough,” Hikes by 1/4% to 4.5%, QT Continues by Wolf Richter • Jan 25, 2023 • 97 Comments Will pause if inflation projections pan out. If not, more rate hikes on the table. Frets about upside risks to inflation from services, labor market, China
