Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 13, 2022

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Tue Sep 13 12:40:10 +0000 2022

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Paul Krugman @paulkrugman

The core inflation number is the one that has people worried. But as I've been saying, that's basically shelter. And these days it's a really problematic indicator of what's happening to underlying inflation. 2/ — PolitiTweet.org

Posted Sept. 13, 2022

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Paul Krugman @paulkrugman

Well, I was getting ready to write about why we shouldn't make too much of the monthly CPI decline. Now need to write about not making too much of the monthly rise 1/ — PolitiTweet.org

Posted Sept. 13, 2022

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Paul Krugman @paulkrugman

CPI shelter prices are set to rise for quite a while simply because they reflect trends in newly rented housing with a lag. That's not a critique; there are reasons for doing it the way BLS does. But private indicators suggest that the rent surge is leveling off 3/ — PolitiTweet.org

Posted Sept. 13, 2022