The Atlanta Fed's "sticky CPI" and "sticky Core" are the stories of the day -- at long last they are visibly rolling over.
US Unconventional CPI
US Unconventional CPI
Wednesday, May 10, 2023
What a thing of beauty. Even those darn "sticky" indices are visibly rolling over.
US Unconventional CPI
Wednesday, April 12, 2023
On a year-over-year basis, there's not a single one of the unconventional measures that isn't either falling or outright collapsing.
US Unconventional CPI
Tuesday, March 14, 2023
Among the many unconventional inflation gauges, it's easy to find ones that are going down. A bunch are flat. There really isn't one that is rising. That's a start.
US Unconventional CPI
Tuesday, February 14, 2023
Almost all the unconventional measures are in decline, and those that aren't have stopped getting worse.
US Unconventional CPI
Thursday, January 12, 2023
A funny thing happened on the way to the Paul Volcker look-alike contest. Most of the unconventional inflation curves -- you know, the ones Powell has been citing for months to pretend inflation is still a crisis? -- those? -- yeah, they're pointing down.
US Unconventional CPI
Tuesday, December 13, 2022
Rollovers and peaks everywhere. Headline CPI for the month would have been sharply negative but for the seasonal adjustment pixie-dust.
US Unconventional CPI
Thursday, November 10, 2022
In our world of alternate measures, it's more good news. If it isn't rolling over outright, it's flattening out.
US Unconventional CPI
Thursday, October 13, 2022
The verdict from the panoply of unconventional indicators is clear. "Flexible" components of inflation have totally rolled over. "Sticky" components have totally not rolled over. Both are living up to their names.
US Unconventional CPI
Tuesday, September 13, 2022
The simplest "unconventional" measure of all, just good old fashioned non-seasonally adjusted CPI, contracted 0.4% in August. That's in part because the seasonal adjustment for gasoline muted its impact.