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.
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.
