Inflation cooled to 5% in March, but consumer pain is set to linger

[progree]

3. Links to data series with graphs. Note: the *CORE* CPI is +0.4% in March

Last edited Wed Apr 12, 2023, 11:06 AM - Edit history (2)

(it's a 4.7% annualized rate when calculated with the actual index values) and its rolling 3 month average is 5.1% annualized. This 3 month average was 5.2% annualized in February. So RECENT CORE inflation still seems stuck at around 5%. (Reminder: the Fed uses core measures to predict future inflation, whether we like it or not, although specifically they target the core PCE, not the core CPI https://www.democraticunderground.com/10143053501#post5 )



CPI news release: https://www.bls.gov/news.release/cpi.nr0.htm

CPI time series: https://data.bls.gov/timeseries/CUSR0000SA0
    Monthly increases: https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_1mth

CORE CPI: http://data.bls.gov/timeseries/CUSR0000SA0L1E
    Monthly increases: http://data.bls.gov/timeseries/CUSR0000SA0L1E&output_view=pct_1mth

CPI excluding shelter - https://data.bls.gov/timeseries/CUUR0000SA0L2
FRED: https://fred.stlouisfed.org/series/CUUR0000SA0L2

Core CPI excluding shelter - I sure would like this time series, but apparently I haven't found one yet. It's said to be a Fed favorite.

Table 3 has CPI ex shelter, as well as Core ex shelter https://www.bls.gov/news.release/cpi.t03.htm

Rent (SA) https://data.bls.gov/timeseries/CUSR0000SEHA
Fred: (SA) Rent of Primary Residence in U.S. City Average https://fred.stlouisfed.org/series/CUSR0000SEHA
(NSA) CUUR0000SEHA

SA is seasonally adjusted. NSA is Not seasonally adjusted

Real average hourly earnings of production and non-supervisory workers
https://data.bls.gov/timeseries/CES0500000032
private workers: https://data.bls.gov/timeseries/CES0500000013

In all of the BLS ones, one can change/add 1 month, 2 month, 3 month, 6 month and 12 month rolling averages by clicking "More Formatting Options" at the top right and checking the appropriate check boxes