by Calculated Risk on 2/12/2025 08:57:00 AM
Wednesday, February 12, 2025
YoY Measures of Inflation: Services, Goods and Shelter
Here are a few measures of inflation:
The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but is still elevated, and is now up 3.9% YoY.
Click on graph for larger image.
This graph shows the YoY price change for Services and Services less rent of shelter through December 2024.
Services were up 4.2% YoY as of January 2025, down from 4.4% YoY in December.
Services less rent of shelter was up 3.9% YoY in January, down from 4.0% YoY in December
Services less rent of shelter was up 3.9% YoY in January, down from 4.0% YoY in December
Durables were at -1.2% YoY as of January 2025, up from -1.9% YoY in December.
Commodities less food and energy commodities were at -0.1% YoY in January, up from -0.7% YoY in December.
Commodities less food and energy commodities were at -0.1% YoY in January, up from -0.7% YoY in December.
Shelter was up 4.4% year-over-year in January, down from 4.6% in December. Housing (PCE) was up 4.7% YoY in December, down from 4.8% in November.
This is still catching up with private new lease data.
Core CPI ex-shelter was up 2.4% YoY in January.