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Mike Shedlock: Core inflation measure overlooks broad energy impact

Mike Shedlock: Core inflation measure overlooks broad energy impact
Core inflation fails to capture energy effect

Mike Shedlock, author / blogger at MishTalk, questions the effectiveness of using core inflation as a benchmark because it excludes food and energy costs.

He emphasizes that energy prices underpin most other costs in the economy and criticizes any focus on a brief decline in inflation largely attributed to a temporary reduction in energy prices. Shedlock also references bond yields as further context for his skepticism.

Shedlock has previously pushed back against negative economic outlooks, questioning whether an 8% probability of recession should be viewed as doom porn. He has also highlighted market expectations, noting a 70 percent chance of a Fed rate hike before the U.S. election. These comments add context to his skepticism on inflation metrics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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