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by Calculated Risk on 8/12/2025 08:51:00 AM

Here are a few measures of inflation:

The first graph is the one Fed Chair Powell had mentioned two years ago as something to watch.  

Click on graph for larger image.

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

Services were up 4.0% YoY as of July 2025, up from 3.8% YoY in June.

Services less rent of shelter was up 3.8% YoY in July, unchanged from 3.8% YoY the previous month.

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 up 1.2% YoY as of July 2025, up from 0.6% YoY the previous month.

Commodities less food and energy commodities were at 1.1% YoY in July, up from 0.6% YoY the previous month.

Here is a graph of the year-over-year

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