Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 12, 2022

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Wed Jul 13 13:11:21 +0000 2022

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Paul Krugman @paulkrugman

Actually, BLS rent measures have probably understated "true" housing inflation, bc they measure avg rent paid, not soaring rents on new leases. At this point, however, they're failing to reflect what looks like a big slowdown in rents 1/ — PolitiTweet.org

One big reason "core" inflation accelerated in June: Rents rose 0.8% in June, the fastest one-month gain since 1986… https://t.co/thjbhnewXE

Posted July 13, 2022

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Paul Krugman @paulkrugman

If it signals a more dovish turn if, as Josh and I both expect, underlying inflation looks better by the next FOMC meeting, not too much damage will have been done. Markets pricing in much slower inflation looking forward; if this starts to show in real data, we'll be OK 3/ — PolitiTweet.org

Posted July 13, 2022

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Paul Krugman @paulkrugman

You can see this from private-sector measures 2/ https://t.co/rq2etvspi1 — PolitiTweet.org

Posted July 13, 2022