Different Measures of Consumer Prices Since 2021M01, the CPI has risen 17.3% (log terms). By comparison, chained CPI and HICP have risen by approximately 16.5%. The PCE deflator has risen only 14.4% by March 2024 – but these are prices of goods and services produced, not of prices faced by consumers. Figure 1: CPI (blue), HICP (green), chained CPI (tan), […]
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