Core PPI 0.0% m/m vs +0.2% consensus (+2.4% y/y vs. +2.7% consensus). Here’s a picture of instantaneous core measures.
Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), PPI core (red), and PCE core (green), per Eeckhout (2023), T=12, a=4. Source: BLS, BEA, Cleveland Fed, and author’s calculations.
