Including HICP and nowcasted PCE deflator.

Figure 1: Instantaneous inflation per Eeckhout (2023) for CPI (blue), chained CPI (red), HICP (green), PCE deflater (bold black), PCE market-facing deflator (pink). Chained CPI and HICP seasonally adjusted by author using X-13. PCE deflator for October based on nowcast of 11/19. Source: BLS, BEA, European Commission via FRED, Cleveland Fed, and author’s calculations.

 



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *