by Calculated Risk on 3/12/2025 08:48:00 AM

Here are a few measures of inflation:

The first graph is the one Fed Chair Powell had mentioned two years ago when services less rent of shelter was up around 8% year-over-year.  This declined, but is still elevated, and is now up 3.8% YoY.

Click on graph for larger image.

This graph shows the YoY price change for Services and Services less rent of shelter through February 2025.

Services were up 4.1% YoY as of February 2025, down from 4.2% YoY in January.

Services less rent of shelter was up 3.8% YoY in February, down from 3.9% YoY in January.

The second graph shows that goods prices started to increase year-over-year (YoY) in 2020 and accelerated in 2021 due to both strong demand and supply chain disruptions.Durables were at -1.2% YoY as of February 2025, unchanged from -1.2% YoY in January.

Commodities less food and energy commodities were at

Keep reading this article on Bill McBride - Calculedriskblog.

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