Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 4, 2023

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Sun Nov 20 14:54:22 +0000 2022

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Paul Krugman @paulkrugman

It’s more than one good inflation print. Growing realization that a lot of official inflation is driven by shelter, which is very much a lagging indicator. Here’s BLS rent v Zillow (which itself is a 3m moving average, and hence lags a bit) 3/ https://t.co/4XMPFb1084 — PolitiTweet.org

Posted Nov. 20, 2022

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Paul Krugman @paulkrugman

So, I’ve been noticing a real change in tone in online discussion of inflation (by sophisticated observers). Suddenly more talk about inflation coming down pretty fast, maybe without a recession. Why, and is it justified? 2/ — PolitiTweet.org

Posted Nov. 20, 2022

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Paul Krugman @paulkrugman

Shelter in turn dominates various measures of core inflation. GS chart; note that shelter dominates median inflation even when it’s not the median — see note at the bottom 4/ https://t.co/y1wwuByVVf — PolitiTweet.org

Posted Nov. 20, 2022