ECONOMY

Instantaneous Inflation Rates for April


All measures decelerate.

Figure 1: Instantaneous inflation (T=12, a=4) per Eeckhout (2023) for CPI (bold black, chained CPI (sky blue), PCE deflator (tan), PCE deflator with market based prices (red). Chained CPI seasonally adjusted by author using X-13. Source: BLS, BEA via FRED, and author’s calculations.

 



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