Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 1, 2023

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Thu Dec 15 14:06:52 +0000 2022

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Paul Krugman @paulkrugman

A quick note about "core" inflation. I'm aware of at least 6 measures: Traditional Median Trimmed mean Supercore (traditional ex shelter) Superdupercore (super also ex used cars) Furman core (use market rents for shelter) They all tell different stories! — PolitiTweet.org

Posted Dec. 15, 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

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Paul Krugman @paulkrugman

Here's what I get (using Zillow in place of BLS shelter) https://t.co/NqOFi4Zcm0 — PolitiTweet.org

Posted Dec. 15, 2022