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What Really Goes Into the Fed's Favorite Measure of Inflation?

Odd Lots

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Navigating Inflation Measurement Complexities

This chapter explores the intricate distinctions between goods and services in measuring inflation, particularly focusing on vehicle insurance and airfares. It discusses the differing methodologies of the Consumer Price Index (CPI) and Producer Price Index (PPI) and their implications for economic indicators, emphasizing the volatility of airfare prices. The speakers also highlight the influence of equity market performance on core inflation metrics, shedding light on the nuanced work of economists at the Bureau of Labor Statistics.

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