Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 1, 2023

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Wed Dec 14 15:58:16 +0000 2022

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Paul Krugman @paulkrugman

But if inflation isn't entrenched — and probably won't be, given low headline rates — isn't it likely that cooling demand will bring inflation down fast? 8/ — PolitiTweet.org

Posted Dec. 14, 2022

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Paul Krugman @paulkrugman

Alternative notion of "underlying" is inflation caused by general excess demand rather than temporary disruptions. Wage data and most core measures show some of that 7/ — PolitiTweet.org

Posted Dec. 14, 2022

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Paul Krugman @paulkrugman

Yes. Or use market rents instead of BLS. But even "supercore" excluding shelter is running at 3.6% over past 3 months if you also exclude used cars. Still curb our enthusiasm time, although dire Volcker scenarios look ever less likely — PolitiTweet.org

@paulkrugman Rents are falling fast (much more than seasonality) as household formation has slowed sharply (after s… https://t.co/zkRLF67AAF

Posted Dec. 14, 2022