Inflation & Devaluation

End of “Disinflation” Honeymoon: CPI Accelerates YoY. Core Services CPI Accelerates MoM. Durable Goods Prices Normalize at Nosebleed Levels

by Wolf Richter • Aug 10, 2023 • 180 Comments

Core services inflation at 6.1% year-over-year; Core CPI at 4.7%. Three factors make it rough for CPI the rest of the year.

A Word about the Odious Ridiculous Massive Adjustments to Health Insurance CPI, which Now Collapsed to Jan 2019 Levels

by Wolf Richter • Aug 10, 2023 • 133 Comments

It turned Medical Services CPI negative, pushed down core services CPI, core CPI, and overall CPI. But it will swing the other way in October.

Powell’s Nightmare: Wage Growth, after Signs of Losing Altitude, Re-Accelerates

by Wolf Richter • Aug 4, 2023 • 216 Comments

Inflation is just going to stick around for a while, it seems.

Runaway Services Inflation in Euro Area Spikes to Record. Core CPI Stays Near Record. Energy-Price Plunge Pushes Down Overall CPI

by Wolf Richter • Jul 31, 2023 • 70 Comments

“The drivers of inflation are changing…. Domestic price pressures, including from rising wages and robust profit margins,” are increasingly important: ECB

Fed Favored “Core” PCE Price Index Rises 4.1%, Least since Sept 2021, on Drop in Durable Goods. But Monthly Services Inflation Accelerates

by Wolf Richter • Jul 28, 2023 • 201 Comments

Housing, finance, insurance, recreation, other services jumped in June from May. Energy plunged 28% year-over-year, but also jumped in June from May.

Companies See “Sticky” Inflation in July in Services, as they Pass on Surging Input Costs, Including Higher Wages

by Wolf Richter • Jul 24, 2023 • 124 Comments

Inflation in goods has abated, but it remains hot in services: US companies.

After 2 Months of Relentless “Core CPI Has Peaked” in Euroland, Services CPI Spikes to Record, Core CPI Worsens

by Wolf Richter • Jul 19, 2023 • 118 Comments

All eyes are now on underlying inflation. Forget the collapsing energy prices that pushed down overall CPI.

Core Services CPI Cools to Still Red-Hot 6.2%, Core CPI to 4.8%. Plunge in Energy Prices Pulls Down Overall CPI to 3.0%. Food Prices Stabilize at Very High Levels

by Wolf Richter • Jul 12, 2023 • 224 Comments

We already know the factors that will make this much tougher going forward.

Fed’s Favored Inflation Index, “Core PCE,” Stuck near 4.6% for Sixth Month, “Core Services” Stuck Near 38-Year High of 5.4%

by Wolf Richter • Jun 30, 2023 • 130 Comments

Month-to-month, durable goods prices rose again, on price spike of motor vehicles, after steep drops; services might be cooling a little. Energy plunged.

Core CPI in Japan Worst since 1981. Food Inflation Worst since 1976. But Energy Prices Plunge

by Wolf Richter • Jun 23, 2023 • 86 Comments

BOJ’s Ueda promises to fuel inflation further, hopes for wage growth. Strategy: let raging inflation bring Japan’s debt-to-GDP ratio back in line.

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