Paul Krugman

@paulkrugman ↗

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Last Checked July 18, 2021

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Sun Jul 18 15:48:18 +0000 2021

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Paul Krugman @paulkrugman

Which measure of core inflation should you use? It didn't really matter: they all told the same story — until now. But in the post-pandemic, conventional core is running very hot, while other measures, especially median inflation, not 2/ — PolitiTweet.org

Posted July 18, 2021

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Paul Krugman @paulkrugman

Strengthening your core: The theory of core inflation has been a huge success story: people who understood it avoided the inflation panics of 2008 and early 2011 (remember Paul Ryan accusing Bernanke of "debasing the dollar"?) 1/ https://t.co/8VpjVhzrvJ — PolitiTweet.org

Posted July 18, 2021

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Paul Krugman @paulkrugman

It seems clear to me that the less-used measures are telling a more accurate story: used car prices and hotel rates don't belong in core inflation. Markets seem to get that; economic reporting less so 3/ — PolitiTweet.org

Posted July 18, 2021