Inflation Nowcasted

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

Recent Cleveland Fed nowcasts signal evolving trends in the Consumer Price Index.

Source: DepositPhotos

Based on Cleveland Fed nowcasts:

Figure 1: CPI (black, left log scale), Cleveland Fed nowcast (light blue, left log scale); quarter-on-quarter annualized inflation (red, right scale), Cleveland Fed nowcast implied inflation (light red, right scale). Source: BLS, Cleveland Fed, and author’s calculations.

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