News about Inflation

The CPI-based Ecumenical Underlying Inflation measure was 3.5% in April, up from 3.3% in February and 3.4% in March. Although it is normalized to be equivalent to the PCE has been running (unusually) ~50bp higher than PCE. Is the median of 7 measures over 3, 6 and 12 months. pic.twitter.com/Tdy7aWTZnL

Forecasters got this month exactly right. Monthly core CPI inflation rate eased off a little from the last few months but still high. Annual rates: 1 month: 3.6% 3 months: 4.1% 6 months: 4.0% 12 months: 3.6% pic.twitter.com/hZd28wVH9W

Both headline and core prices as measured by the CPI grew 0.3% from March to April, both 0.1 ppt slower than last month’s increases. Headline inflation came in a tick below market expectations. 1/ pic.twitter.com/4BeHpy8iKx

The US Inflation Rate (CPI) has moved down from a peak of 9.1% in June 2022 to 3.4% today. What's driving that decline? Lower rates of inflation in Used Cars, Gas Utilities, Fuel Oil, New Cars, Food at Home, Gasoline, Apparel, Medical Care, Food away from Home, Electricity, and… pic.twitter.com/Zu7A0BR30d