{"id":271033,"date":"2025-02-13T22:57:42","date_gmt":"2025-02-13T22:57:42","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/02\/13\/inflation-surprises-illustrated-econbrowser\/"},"modified":"2025-06-25T17:09:22","modified_gmt":"2025-06-25T17:09:22","slug":"inflation-surprises-illustrated-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/02\/13\/inflation-surprises-illustrated-econbrowser\/","title":{"rendered":"Inflation Surprises Illustrated | Econbrowser"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-55614\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>For CPI and PPI vis a vis Bloomberg consensus:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/inflationsurprises.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-55615\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/inflationsurprises.png\" alt=\"\" width=\"878\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/inflationsurprises.png 878w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/inflationsurprises-300x192.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/inflationsurprises-768x491.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/inflationsurprises-624x399.png 624w\" sizes=\"(max-width: 878px) 100vw, 878px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Month-on-Month (non-annualized) inflation for headline CPI (blue), core CPI (tan), headline PPI (green), and core PPI (red), all in percent decimal format. Bloomberg consensus as symbols, same respective colors. Source: BLS, Bloomberg, and author\u2019s calculations.<\/em><\/p>\n<p>Instantaneous inflation (per Eeckhout (2023)) does not tell a different story than the standard y\/y or q\/q measures.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/instant20.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-55616\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/instant20.png\" alt=\"\" width=\"849\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/instant20.png 849w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/instant20-300x198.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/instant20-768x507.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/instant20-624x412.png 624w\" sizes=\"(max-width: 849px) 100vw, 849px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong>\u00a0Instantaneous inflation per\u00a0<a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4554153\">Eeckhout (2023)<\/a> for CPI (blue) core CPI (tan), PPI (green), core PPI (red). Source: BLS, via FRED and author\u2019s calculations.<\/em><\/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\/2025\/02\/inflation-surprises-illustrated\" title=\"1:48 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-02-13T13:48:19-08:00\">February 13, 2025<\/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\/2025\/02\/inflation-surprises-illustrated\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] For CPI and PPI vis a vis Bloomberg consensus: Figure 1: Month-on-Month (non-annualized) inflation for headline CPI (blue), core CPI (tan), headline PPI (green),<\/p>\n","protected":false},"author":1,"featured_media":271034,"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\/271033"}],"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=271033"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/271033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/271034"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=271033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=271033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=271033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}