by Calculated Risk on 4/10/2024 08:54:00 AM
Here are a few measures of inflation:
The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 4.8% YoY.
Click on graph for larger image.
This graph shows the YoY price change for Services and Services less rent of shelter through March 2024.
Services less rent of shelter was up 4.8% YoY in March, up from 3.9% YoY in February.
Commodities less food and energy commodities were at -0.7% YoY in March, down from -0.3% YoY in February.
Shelter was up 5.6% year-over-year in March, down from 5.8% in February. Housing (PCE) was up 5.8% YoY in February, down from 6.1% in January.
contributed over half of the monthly increase in the index for all items.“
Core CPI ex-shelter was up 2.4% YoY in March, up from 2.2% in February.