At first it was almost entirely a supply and goods phenomena, but since mid-2022 it has shifted to services and demand. SF Fed breaks out the PCE index by supp

At first it was almost entirely a supply and goods phenomena, but since mid-2022 it has shifted to services and demand. SF Fed breaks out the PCE index by supply and demand: https://www.frbsf.org/economic-research/indicators-data/supply-and-demand-driven-pce-inflation/ https://www.frbsf.org/economic-research/indicators-data/supp...