Consumer Prices

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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.


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Disclaimer: 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 ...

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