For August data:
Figure 1: Fast inflation for core CPI (blue), core CPI (tan), supercore CPI (pink), services supercore (green), core PPI (red), and core PCE (green), according to Eeckhout (2023), T= 12, a=4. Horizontal chartreuse dashed line at 2% PCE inflation target (in CPI should be 2.5%). Source: BLS, BEA, Pawel Skrzypczynski, and author’s calculations.
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