The PCE and CPI measure different things, but the message they send to consumers may influence expectations — that then can affect inflation.
Some essentials — notably food — may may maintain their price strength. Appliances and furniture may come down quicker.
OER, a component of the consumer price index, involves homeowners’ estimates of what their residence would rent for.
Will worries about higher costs down the road lead to curtailed spending?
In some ways, falling prices would actually be bad news for the economy.
For monetary officials, the personal consumption expenditures gauge beats the CPI. A trip to the grocery store helps explain why.
People who spend a bigger chunk of their budget on gas and groceries are disproportionately impacted by rising prices.
With this data, the Fed is expected to raise interest rates aggressively.
Inflation is high but decelerating. So when will it decelerate to something normal?
Social security and SNAP benefits are adjusted every year for inflation. While that tends to be enough in normal years, it's not enough right now.