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.
Worst “Rent” Inflation since 1983 & Red-Hot Homeownership CPI Fuel Canada’s CPI Surge. Bank of Canada in a Pickle of its Own Making by Wolf Richter • Sep 19, 2023 • 140 Comments Inflation dished up another nasty surprise. Other costs jumped too. Gasoline didn’t help. This was a broad-based mess.
The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated by Wolf Richter • Sep 13, 2023 • 329 Comments Month-to-month CPI spikes, core CPI and core services CPI accelerate, despite ongoing massive health insurance adjustment.
Gasoline Prices Rise Year-over-Year for First Time since Feb 2022: CPI Inflation to Feel the Heat this Year by Wolf Richter • Sep 5, 2023 • 109 Comments “Disinflation” already ended.
Crude Oil WTI Jumps to Highest since November, as SPR Gets Refilled, Saudi Arabia & Russia Extend Production Cuts by Wolf Richter • Sep 5, 2023 • 113 Comments “Disinflation” honeymoon was nice, thank you, but it’s over.
“Core Services” Inflation Jumps to 2nd Worst since 1985, “Non-Housing Services” Are Red Hot. Fed’s Job Far from Done by Wolf Richter • Aug 31, 2023 • 172 Comments Durable goods prices fall. Fed favored “core” PCE price index re-accelerates.
Powell Smacks Down Calls to Raise 2% Inflation Target: “2% Is and Will Remain our Inflation Target” by Wolf Richter • Aug 25, 2023 • 218 Comments Fretted about the re-accelerating economy flying above the “below-trend” growth required to get to 2%. “We will keep at it until the job is done.”
Ten-Year Treasury Yield Hits 15-Year High, Market Wades out of Denial, Sees “Higher-for-Longer,” Tsunami of Issuance, QT by Wolf Richter • Aug 16, 2023 • 205 Comments “Higher for longer be damned”: consumers and businesses.
UK Services Inflation Spikes to 40-Year High. A Global Phenomenon: All Heck Has Broken Loose in Services by Wolf Richter • Aug 16, 2023 • 56 Comments But motor fuel prices plunge, and inflation in durable goods and food cools – same as everywhere.
