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Exploring Inflation Measures and Trends
The chapter delves into the differences between measures of inflation like CPI, PPI, and the Personal Consumption Expenditures index (PC index), focusing on the Fed's preference for the core PC measure. It discusses the nuances of these indices, their impact on inflation measurements in categories such as shelter and food services, and trends like decreasing restaurant meal prices. Various experts provide insights on inflation factors such as unit labor costs, wages, and the significance of managing portfolios for clients in the current economic scenario.