Beneath the Skin of the PCE Price Index: Inflation in Services by Wolf Richter • Nov 30, 2023 • 144 Comments Gasoline plunged, durable goods fell. Inflation still hot in housing, insurance, healthcare, transportation (incl. auto services). Food inflation simmers.
Rents in Canada Explode. Services Inflation Heats Up by Wolf Richter • Nov 21, 2023 • 97 Comments Plunging gasoline prices and dropping prices in a few other categories hold down overall CPI. A mess for the Bank of Canada.
Beneath the Skin of CPI Inflation by Wolf Richter • Nov 14, 2023 • 123 Comments Energy plunges, durable goods drop, food ticks up from sky-high levels, but meat re-surges, services are hot, rents accelerate, auto insurance spikes.
The Collapse of the Health Insurance CPI (How it Became Chickenshit) by Wolf Richter • Nov 14, 2023 • 160 Comments The BLS now tweaked the methodology after letting it go haywire for two years. This fiasco should be a career-ender for the top of the BLS.
Powell’s Gonna Have a Cow When He Sees the PCE Inflation in “Core Services,” Housing, and Non-Housing Core Services by Wolf Richter • Oct 27, 2023 • 218 Comments Hitting all his hot buttons today with the month-to-month PCE price index.
“Rent” Inflation in Canada Spikes to Highest since 1983, amid Spike in Population. Homeownership CPI Remains Red-Hot by Wolf Richter • Oct 18, 2023 • 76 Comments Prices eased in other categories.
Acceleration of Inflation Continues, Core Services Inflation Spikes despite the Massive Health-Insurance Adjustment by Wolf Richter • Oct 12, 2023 • 266 Comments This was the last of 12 health insurance adjustments that pushed down core CPI and core services CPI; it will swing the other way next month.
Social Security COLA for 2024 Will Be Meager 3.2%, Likely to Be Outrun by Inflation by Wolf Richter • Oct 12, 2023 • 147 Comments Cost-of-Living Adjustment for 2024 plunges from 2023 mega-COLA, which outran inflation by a wide margin. This one will fall behind inflation.
Our Experience with the Collapse of the Dollar’s Purchasing Power for Used Cars, Auto Insurance, Repair Costs, Rental Cars by Wolf Richter • Oct 9, 2023 • 260 Comments Or why auto insurance has gotten so ridiculously expensive — after used vehicles have gotten so ridiculously expensive.
PCE Inflation Index Revised Higher Going Back 2 Years. “Core Services” PCE Price Index Was Much Hotter by Wolf Richter • Sep 29, 2023 • 52 Comments Fed’s favored inflation measures get a big upward revision going back across this bout of inflation.
