{"id":242244,"date":"2024-07-11T16:57:56","date_gmt":"2024-07-11T16:57:56","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/11\/instantaneous-inflation-in-june-econbrowser\/"},"modified":"2025-06-25T17:14:54","modified_gmt":"2025-06-25T17:14:54","slug":"instantaneous-inflation-in-june-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/11\/instantaneous-inflation-in-june-econbrowser\/","title":{"rendered":"Instantaneous Inflation in June | Econbrowser"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-52788\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>CPI m\/m (headline, core) below consensus (-0.1% vs +0.1%, +0.1 vs +0.2, respectively).<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-52789\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24.png\" alt=\"\" width=\"835\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24.png 835w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24-300x202.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24-768x516.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24-624x419.png 624w\" sizes=\"(max-width: 835px) 100vw, 835px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Instantaneous inflation per Eeckhout (2023) T=12, a=4, for CPI (blue), for chained CPI (tan), for PCE deflator (green).\u00a0 Chained CPI adjusted by author using X-13. Source: BLS, BEA, and author\u2019s calculations.<\/em><\/p>\n<p>On the same vertical axis, here\u2019s core measures.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24a1.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-52794\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24a1.png\" alt=\"\" width=\"835\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24a1.png 835w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24a1-300x202.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24a1-768x516.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/inflpix_jun24a1-624x419.png 624w\" sizes=\"(max-width: 835px) 100vw, 835px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong> Instantaneous inflation per Eeckhout (2023) T=12, a=4, for core CPI (blue), for chained core CPI (tan), for core PCE deflator (green).\u00a0 Chained CPI adjusted by author using X-13. Source: BLS, BEA, and author\u2019s calculations.<\/em><\/p>\n<p>Market reaction:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-52792\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24.png\" alt=\"\" width=\"1200\" height=\"832\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24-300x208.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24-1024x710.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24-768x532.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/07\/usgg10yr_ind_11jul24-624x433.png 624w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> TradingEconomics, accessed 7\/11\/2024. Time is Central.<\/em><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/07\/instantaneous-inflation-in-june\" title=\"8:48 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-07-11T08:48:03-07:00\">July 11, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/07\/instantaneous-inflation-in-june\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] CPI m\/m (headline, core) below consensus (-0.1% vs +0.1%, +0.1 vs +0.2, respectively). Figure 1: Instantaneous inflation per Eeckhout (2023) T=12, a=4, for CPI<\/p>\n","protected":false},"author":1,"featured_media":242245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/242244"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=242244"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/242244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/242245"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=242244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=242244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=242244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}