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"Calling it the "Putin price hike," Psaki said she expected to see "a large difference" between headline inflation and "core" CPI, which excludes volatile food
by Qw3r7 4y ago
"Calling it the "Putin price hike," Psaki said she expected to see "a large difference" between headline inflation and "core" CPI, which excludes volatile food and energy prices.
Economists say the annual inflation rate could be close to 8.5 percent, the highest seen since late 1981.
According to the median forecast of analysts, monthly CPI growth will accelerate to 1.2 percent compared to February when the gain was 0.8 percent rate, while core CPI will remain unchanged at 0.5 percent.,,
So its energy and food then I guess based off of this statement alone.
- idiotsecant 4y ago>which excludes volatile food and energy prices. Oh good, so just the things I buy, then.
- thomascgalvin 4y agoWell good thing I don't need energy or food. Wait...
- dragonwriter 4y agoThe core CPI is broken out because energy and food have high short term volatility, so core usually better represents longer-term factors, but as long as the war & sanctions continue and (especially for food) for some time after food and energy are going to be problematic, so the core breakout is probably at a low point in relevance.