{"id":262281,"date":"2024-10-11T19:24:08","date_gmt":"2024-10-11T19:24:08","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/11\/instantaneous-core-prices-econbrowser\/"},"modified":"2025-06-25T17:10:53","modified_gmt":"2025-06-25T17:10:53","slug":"instantaneous-core-prices-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/11\/instantaneous-core-prices-econbrowser\/","title":{"rendered":"Instantaneous Core Prices | Econbrowser"},"content":{"rendered":"

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Updated to include core PPI:<\/p>\n

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Figure 1:<\/strong>\u00a0Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), services supercore (light green), PPI core (red), and PCE core (green), per\u00a0Eeckhout (2023)<\/a>, T=12, a=4. September observation based on PCE core nowcasts from Cleveland Fed as of 10\/10\/2024.<\/em>\u00a0Source: BLS, BEA,\u00a0Pawel Skrzypczynski<\/a>,\u00a0Cleveland Fed<\/a>, and author\u2019s calculations.<\/em><\/p>\n

Instantaneous Core PPI inflation declined. It\u2019s tempting to conclude this movement will feed into the CPI inflation, but this is not obviously the case. See this post<\/a>\u00a0for discussion of formal econometric analyses of whether PPI leads CPI.<\/p>\n<\/p><\/div>\n

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