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Those are the "raw" CPI numbers. Core CPI excludes food / energy since those tend to be quite volatile. Raw CPI is still quite high. Core CPI, which is generall
by the_gastropod 4y ago
Those are the "raw" CPI numbers. Core CPI excludes food / energy since those tend to be quite volatile. Raw CPI is still quite high. Core CPI, which is generally regarded as a better predictor for long-term trends, is looking pretty good.
- spaceman_2020 4y agoHow is core CPI “looking good”? It was 5.9% in July, 6.3% in August, 6.6% in September. That’s the opposite of “looking good”.
- colinmhayes 4y agoYou're quoting backward looking numbers, not forward looking ones which is the entire point of this post. If core went up 6% in january and 0 since then you could say the same thing, but no one would think it's a problem.
- spaceman_2020 4y agoI'm not sure I follow. The trend is clearly on the up month-over-month, not down or flat. Is there any other way to infer this? Genuinely curious.