Show differing trajectories, depending on coverage, and construction.
Figure 1: CPI (blue), chained CPI adjusted by author using X-13 (tan), CPI for wage and clerical workers (pink), HICP adjusted by author using X-13 (red), PCE deflator (green), all in logs, 2022M01=0. Source: BLS via FRED, BEA, and author’s calculations.
Note that PCE uses prices of goods and services as actually transacted, while CPI measures prices faced by consumers.
This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice, or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at [email protected].
Comments
Log in or sign up to join the conversation.