An unconventional inflation measure no one ever talks about is the "prices paid" diffusion index in the US purchasing managers indices. How come no one ever points out they've been consistently moderating all year... ?
US Unconventional CPI
US Unconventional CPI
Wednesday, July 13, 2022
Most of the unconventional measures have two things in common -- the more we focus on core, the lower the inflation; and short-term inflation is worse than longer-term inflation, a technical indicator of "acceleration."
US Unconventional CPI
Friday, June 10, 2022
The unconventional measures just confirm the conventional ones -- this was a terrible month for inflation. The only bright spot is good old fashioned core, falling sequentially, because it eliminates the two Ukraine-driven categories.
US Unconventional CPI
Wednesday, May 11, 2022
Seeing lots of rollovers in the alternate inflation measures -- of course the most in ones that highlight energy.
US Unconventional CPI
Tuesday, April 12, 2022
It's not quite unanimous, but the bulk of our unconventional indicators show inflation momentum cooling.
US Unconventional CPI
Thursday, March 10, 2022
We can argue about whether the higher prices we're seeing should be called "inflation" in the usual sense -- but no matter which inflation index you look at, they're accelerating.
US Unconventional CPI
Thursday, February 10, 2022
Median CPI rises to 4.2% year on year, but it's still well below the weighted average headline at 7.5%. Inflation is not as broad-based as it may seem.
US Unconventional CPI
Wednesday, January 12, 2022
Among our unconventional measures, every one that considers all items has come in far lower than headline CPI reported this morning.
US Unconventional CPI
Friday, December 10, 2021
Only one of our unconventional measures confirms this morning's red-hot CPI print.
US Unconventional CPI
Wednesday, November 10, 2021
There are a lot of unconventional ways of measuring inflation -- but they are virtually unanimous that October was a hot month.