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
Inflation Spikes to 41-Year High in Japan. BOJ’s Stubborn & Reckless Kuroda Lets it Rip by Wolf Richter • Jan 20, 2023 • 65 Comments But the architect of Abenomics will be outa there in April.
Services Inflation Spikes to 4-Decade High. CPI for Gasoline & Durable Goods Plunge by Wolf Richter • Jan 12, 2023 • 213 Comments Services are nearly two-thirds of consumer spending. That’s where inflation is now raging. The Fed has been talking about services for months.
Euro Inflation without Energy Hits Record, Services CPI Hits Record. Subsidies, Drop in Energy Push Down Overall CPI by Wolf Richter • Jan 6, 2023 • 81 Comments The ECB reacts to raging inflation, unloads a massive chunk of assets, hikes rates.
The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
