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Posts tagged ‘inflation’

Inflation wars: top-down versus bottom-up data



As the old saying goes, there are two sides to every story. This saying holds true for the latest inflation data. For instance, the latest Consumer Price Index (CPI) and Personal Consumer Expenditure (PCE) inflation data have fallen flat. But, the “macro” environment suggests that inflation…

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What if an apple were an orange: quality adjustments in the consumer price index



The core Consumer Price Index (CPI), which excludes food and energy prices, unexpectedly dropped 0.1% month-over-month in March. Price declines were broad-based from apparel to new and used cars. But one category stood out as a significant outlier; there was a 7% drop in the cost of wireless…

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