George Pearkes#TeamTransitory got a big boost today. Core PCE inflation has returned to 2% on a 3m annualized basis after the biggest two month advance since 2011. It's early to declare the disagreement settled, but increasingly likely Q1 inflation weakness isn't sticking around.
#TeamTransitory right now
acemaxx#TeamTransitory and #Swiss #inflation #PPI in 2023 (full year): In 2023, the average annual inflation rate was +0.2%, chart @SwissStatistics https://www.bfs.admin.ch/news/de/2024-0005
Produzenten- und Importpreisindex im Dezember und Jahresteuerung 2023 | Bundesamt für Statistik
Der Gesamtindex der Produzenten- und Importpreise sank im Dezember 2023 gegenüber dem Vormonat um 0,6% und erreichte den Stand von 107,2 Punkten (Dezember 2020 = 100). Im Vergleich zum Dezember 2022 sank das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 1,1%. Die durchschnittliche Jahresteuerung lag im Jahr 2023 bei +0,2%.
Alex Barredo 📉> Positive trend in Spanish inflation, should continue over the coming months towards 2% on favourable base effects for energy prices.
> Core gradually down, but likely driven by processed food, my forecast of "normal" core is stable in May. But hey, we'll take lower food inflation.
https://twitter.com/atalaveraEcon/status/1663458522317705216
Ángel Talavera on Twitter
“Positive trend in Spanish inflation, should continue over the coming months towards 2% on favourable base effects for energy prices. Core gradually down, but likely driven by processed food, my forecast of "normal" core is stable in May. But hey, we'll take lower food inflation.”
lines downMore for #TeamTransitory?
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RT @M_McDonough
US PCE Deflator with Contributions: {ECAN<Go>}
https://twitter.com/M_McDonough/status/1618966166747377664
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RT @M_McDonough
US PCE Deflator with Contributions: {ECAN<Go>}
https://twitter.com/M_McDonough/status/1618966166747377664
So #teamtransitory was right on inflation?
mathisThe #TeamTransitory keeps governing the #ECB. Philip Lane with a blog post decomposing #inflation in every possible way. Great read and the expectations that things will go back to before.
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221125~d34babdf3e.en.html
