Non-Inflation Release Items: Oil, Urals, Gas Prices, Inflation Expectations, China Deflation

By Menzie Chinn of Econbrowser.com
Tuesday, December 12, 2023 6:47 PM EDT

Oil prices, Urals vs. Brent, gasoline prices weekly through yesterday, one-year-ahead y/y inflation forecasts, and China in deflation (again).

STEO on oil prices (WTI) from today’s release:

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Urals Price vs. Brent as of 12/11:

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Gasoline prices thru 12/11:

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One year ahead CPI inflation expectations – why is the Michigan survey so volatile (or why is the NY Fed survey so stable)?

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The first difference of the Michigan survey rejects the Normality null using a Jarque-Bera test; the NY Fed series does not.

China back into deflation (y/y and m/m):

More By This Author:

The Inflation Surge Forecasted Or Not
Michigan Sentiment Surprises
FT-IGM (Booth School) U.S. Macroeconomists Survey on the Outlook
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