Paul Krugman

@paulkrugman ↗

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Last Checked July 16, 2022

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Sat Jun 18 14:10:42 +0000 2022

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Paul Krugman @paulkrugman

A quick and dirty chart comparing headline with three measures of underlying. Wages is rate of wage growth minus 1 percent for productivity; others are traditional core and trimmed mean 2/ https://t.co/RnEZ7Y1uCb — PolitiTweet.org

Posted June 18, 2022

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Paul Krugman @paulkrugman

A few more thoughts on the current inflation environment — partly to clarify things for myself. Right now we have ~7% inflation (last three months on PCE deflator, annualized); underlying inflation much lower 1/ — PolitiTweet.org

Posted June 18, 2022

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Paul Krugman @paulkrugman

So underlying inflation probably <4%, vs 2% target; headline is 7. So a real excess of inflation, but most — not all — is supply chains, Putin, etc that are, among other things, not related to US monetary or fiscal policy 3/ — PolitiTweet.org

Posted June 18, 2022