CPI and PCE Deflator Differential and Differences – Edition LXVII Reader Bruce Hall writes: The interesting thing is that since the PCE runs consistently 2pp below CPI. This struck me as a surprising stylized fact, at variance with what I knew from various analyses I’d conducted. I wrote that the difference was about 0.45 ppts over 1986-2019. Mr. Hall then cited a MorningStar report notes: […]
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