Here is a overall picture, including PPI.
Figure 1: CPI (bold black, ) CPI wage (red), CPI chained n.s.a. (green), CPI ex-shelter (orange), PCE deflator (purple), PPI (teal), S&P Global GDP deflator (pink), AIER EPI, n.s.a. (blue), all 2025M01=0, in logs. Source: BLS, BEA, S&P Global, AIER, and author’s calculations.
The 10yr-3mo German spread, hitherto a pretty good predictor, inverted at 2022M12. Hitherto a pretty good predictor of…
Part the First: MAHA in Action Leads to Fatal Inaction. Vitamin K was discovered nearly a hundred years…
Beyond Brent f.o.b. – from Anthony Chan, who answers a question I’ve long had: From Dr. Chan’s post:…
Yves here. Contrary to the headline, getting food prices down, assuming the planned New York City government-run grocers…
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