Services inflation – some data

Consumer price index services, services outside energy, and basic services outside shelter, versus essential and basic goods.

Figure 1: Core inflation rate CPI (blue), commodities (red), services (tan), services ex-energy (green), services ex-essential shelter (pink), all SA, q/q at annual rates. The National Bureau of Economic Research has peak-to-trough recession dates highlighted in grey. Source: BEA via FRED, Pawel Skrzypczynski, NBER and author accounts.

For me, q/o inflation rates are generally declining, while commodities are deflationary.

addition:

Here are the annual rates:

Figure 2: Core inflation rate CPI (blue), commodities (red), services (tan), ex-energy services (green), ex-essential services shelter (pink), all SA, year over year. The National Bureau of Economic Research has peak-to-trough recession dates highlighted in grey. Source: BEA via FRED, Pawel Skrzypczynski, NBER and author accounts.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *