Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 13, 2022

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Tue Sep 13 12:42:03 +0000 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

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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

So this core reading may be telling us about the past, not the future. Given this reading, the Fed will have no choice about continuing to hike, but it shouldn't greatly move your views about how long and how far the hikes will have to go 4/ — PolitiTweet.org

Posted Sept. 13, 2022