For CPI and PPI Fish A Fish Bloomberg Consensus:
Figure 1: Month-on-Month (non-annualized) inflation for Headline CPI (Blue), Core CPI (TAN), Headline PPI (Green), and Core PPI (ed), all in percent decimal format. Bloomberg consensus as Symbols, Same Respective Colors. Source: BLS, Bloomberg, and Author’s Calculations.
Instantaneous inflation (per eekhout (2023)) does not tell a different story than the standard y/y or q/q measures.
Figure 2: Instantaneous Inflation Per Eeckhout (2023) for CPI (Blue) Core CPI (TAN), PPI (Green), Core PPI (ed). Source: BLS, via Fred and Author’s Calculations.