Wednesday, October 14, 2015

Inflation Measures

Percent from a year ago

1.8% (Aug)      Core CPI
1.3% (Q2’15)   Core PCE – the Fed’s favorite
1.7% (Sep)       Trimmed Mean PCE
2.1% (Aug)       Median CPI
.34% (Aug)       New house prices
.57% (Aug)       New car prices
1.9% (Sep)        Hourly wage production & non-supervisory-private
2.1% (Sep)        Producer Price index

Thoughts:
1 – wages have improved better than any of these inflation measures except Median CPI
2 – I like mean & median as statistical methods
3 – except for the Fed fave, the Fed’s goal is virtually met


But is inflation stable?


stable


stable

stable


stable


stable


stable



INFLATION IS STABLE.  INFLATION IS VIRTUALLY AT THE FED'S TARGET OF 2%.  WHAT MORE CAN THEY WANT???



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