Image Source: PexelsIn addition to CPI, we have chained CPI, CPI-wage earners, HICP, a nowcast for PCE, as well as May PCE – market based. The four June price indices are down.
Figure 1: CPI all urban (bold black), CPI-wage and clerical workers (pink), chained CPI (tan), HICP (green), PCE deflator (red), PCE-market based (light blue), all seasonally adjusted, in logs 2021M01=0. Chained CPI, HICP seasonally adjusted by author using X-13 (log transform). Source: BLS, BEA, via FRED, and author’s calculations.More By This Author:CEA: “Tariffs As A Major Revenue Source: Implications For Distribution And Growth” Instantaneous PPI InflationInstantaneous Inflation In June
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