The following chart from Federal Reserve Bank of St. Louis FRED compares core CPI inflation with CPI and PCE index:You can see that the blue line representing core CPI inflation index and the red line representing core PCE inflation index are a lot smoother than the purple CPI and lime PCE...
Anyone ever know anyone who has been asked? The PCE index, the one the Fed allegedly follows, allows for substitutions….chain weighting. People switching from one good, when the price is too high, to another good less desirable. That seems to be a curious calculation as well. Biased to ...
Rent inflation vs. home-price inflation:The red line in the chart below represents the CPI for Rent of Primary Residence as index value. The purple line represents Zillow’s “raw” Home Value Index for the US. Zillow has not yet released the...