Posts on X
Formerly TwitterJason Furman
jasonfurman
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
Posted on X
Jason Furman
jasonfurman
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
Posted on X
Council of Economic Advisers
WhiteHouseCEA
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
Posted on X
Charlie Bilello
charliebilello
Shelter CPI has now been above 5% for 25 consecutive months, the longest period of elevated housing inflation since the early 1980s. pic.twitter.com/gvhdQ4tv55
Posted on X