Friday, 15 December 2017

NY Fed inflation moves up to almost 3%

NY Fed's Underlying Inflation Guage that in addition to prices uses other macro factors pushed up to almost 3% in November as CPI prices have bounced this year. I think most people would recognise 3% inflation as being closer to the mark more than 1.5% Core PCE. After all smartphones may get 'hedonically' better each year, but they still cost the same.

https://www.newyorkfed.org/research/policy/underlying-inflation-gauge

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