Core PPI 0.0% m/m vs +0.2% consensus (+2.4% y/y vs. +2.7% consensus). Here’s a quick snapshot of the key steps.
Figure 1: Fast inflation for core CPI (blue), core CPI (tan), supercore CPI (pink), PPI core (red), and PCE core (green), by Eeckhout ( 2023), T=12, a=4. Source: BLS, BEA, Cleveland Fed, and author’s statistics.
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