Paul Krugman

@paulkrugman ↗

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Last Checked April 2, 2023

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Mon Jan 30 17:43:26 +0000 2023

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Paul Krugman @paulkrugman

The ECI comes out only quarterly, which is annoying, but also means that it's lagging data. Many of us trying to assess underlying inflation have lately been focused on 3-month rates of change, which matched up with quarterly data. But ... 2/ — PolitiTweet.org

Posted Jan. 30, 2023

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Paul Krugman @paulkrugman

Like many economic observers, I'm waiting anxiously for tomorrow's release of the Employment Cost Index. But there may be a big problem of interpretation, illustrated below (I'll explain in a minute) 1/ https://t.co/wcK05j8vrU — PolitiTweet.org

Posted Jan. 30, 2023

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Paul Krugman @paulkrugman

Many (not all) of these measures have fallen off a cliff (in which case it's not clear how "underlying" they are, but never mind). In the measure shown above, the 3 months ending in Dec. were a lot lower than the 3 months ending in November 3/ — PolitiTweet.org

Posted Jan. 30, 2023