Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 2, 2022

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Thu Oct 13 18:21:13 +0000 2022

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Paul Krugman @paulkrugman

You can see why shelter is often the median. But even if it isn't the median will usually be a category with inflation just slightly higher or slightly lower than shelter. So all core inflation measures are basically shelter, even when they aren't 4/ — PolitiTweet.org

Posted Oct. 13, 2022

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Paul Krugman @paulkrugman

think of the distribution of price changes as looking like this: 3/ https://t.co/DGBhe8WWFk — PolitiTweet.org

Posted Oct. 13, 2022

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Paul Krugman @paulkrugman

And the fact that shelter is basically telling us about the economy a year ago is therefore a problem. Yes, I and others should have realized this last year, when true core was much higher than measured. But that doesn't change the fact that it's a bad guide now 5/ — PolitiTweet.org

Posted Oct. 13, 2022