Four Measures Of Consumer Prices For June (And Two For May)
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In addition to CPI, we have chained CPI, CPI-wage earners, HICP, a nowcast for PCE, as well as May PCE – market based. The four June price indices are down.
Figure 1: CPI all urban (bold black), CPI-wage and clerical workers (pink), chained CPI (tan), HICP (green), PCE deflator (red), PCE-market based (light blue), all seasonally adjusted, in logs 2021M01=0. Chained CPI, HICP seasonally adjusted by author using X-13 (log transform). Source: BLS, BEA, via FRED, and author’s calculations.
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