Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 14, 2022

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Sat Nov 05 12:22:58 +0000 2022

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Paul Krugman @paulkrugman

A quick and dirty calculation: core CPI inflation was 6 percent annualized over the past 3 months; about half of this was shelter, which rose at 8 percent. But if market shelter inflation is 3 or less, as Goldman thinks, "true" core is ~4 percent 2/ — PolitiTweet.org

Posted Nov. 5, 2022

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Paul Krugman @paulkrugman

More evidence of a rapidly cooling rental market, although this will take a while to show in the BLS shelter index, which is dominated by continuing leases 1/ https://t.co/UfHma2KGR2 — PolitiTweet.org

Posted Nov. 5, 2022

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Paul Krugman @paulkrugman

Combined with slowing wage growth, there's a good case that substantial disinflation is happening, but not captured (yet) by the standard measures 3/ — PolitiTweet.org

Posted Nov. 5, 2022