Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 2, 2023

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Fri Nov 18 15:00:23 +0000 2022

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Paul Krugman @paulkrugman

Some people looking at inflation ex food, energy and shelter. But I've grown reluctant to look at indexes that exclude more and more stuff. Much risk of motivated reasoning — results can depend on exactly what you exclude 2/ — PolitiTweet.org

Posted Nov. 18, 2022

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Paul Krugman @paulkrugman

Want to come back to this. Far too soon to declare victory over inflation. But good reason to believe that inflation will come down significantly even if there isn't a recession, as market rents get reflected in official shelter costs 1/ — PolitiTweet.org

Updated core CPI swapping in spot rents on new leases for all rent on existing leases. Core CPI w/ spot rents up a… https://t.co/jEN7mVRLSR

Posted Nov. 18, 2022

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Paul Krugman @paulkrugman

Plus the narrower the index, the more it can be swayed by idiosyncratic stuff, like how you measure health insurance costs. And by the way, if true shelter inflation can surge and plunge the way it has, what is "core" anyway? 3/ — PolitiTweet.org

Posted Nov. 18, 2022