The June CPI and PPI numbers are encouraging, but there are still reasons for caution. The challenge is disentangling the underlying trend from the unwinding of idiosyncratic one-off factors.
Medical care services has been a persistent drag on inflation for the past year. It’s my understanding that the way this is measured lags significantly. Is there a more accurate way to track what is going on in this space? Or how it might be impacting overall inflation?
Is This Disinflation "Immaculate" or "Transitory"?
Medical care services has been a persistent drag on inflation for the past year. It’s my understanding that the way this is measured lags significantly. Is there a more accurate way to track what is going on in this space? Or how it might be impacting overall inflation?