US CPI/PPI - 2024-03-11
Date:
Tuesday, March 12, 2024
Summary:
It's mostly about gasoline (one-off) and owners' equivalent rent (as usual). Our favorite inflation measure, core ex-OER, is now below the Fed's target for six months on a year-on-year basis. Powell's "supercore" fell from 5.13% to 5.02% at an annual rate, and decelerated on a monthly basis.