Headline up, core down.
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Determine 1: Instantaneous inflation per Eeckhout (2023) for CPI (blue) chained CPI (lilac), PCE deflator (inexperienced), PCE deflator market costs (brown), PPI (pink) and HICP (pink). HICP adjusted by writer utilizing X-13. Supply: BLS, BEA through FRED, BLS, and writer’s calculations.
And for core measures.
Determine 2: Instantaneous inflation per Eeckhout (2023) for core CPI (blue) core chained CPI (lilac), core PCE deflator (tan), core PPI (inexperienced), CPI supercore (pink), and CPI companies supercore (pink). Core chained CPI adjusted by writer utilizing X-13. Supply: BLS, BEA through FRED, BLS, and writer’s calculations.
