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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 4.0% 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 4.4% YoY as of December 2024, down from 4.5% YoY in November. Services less rent of shelter was up 4.0% YoY in December, down from 4.1% YoY in NovemberThe second graph shows that goods prices started to increase year-over-year (YoY) in 2020 and accelerated in 2021 due to both strong demand and supply chain disruptions. Durables were at -1.9% YoY as of December 2024, up from -2.0% YoY in November. Commodities less food and energy commodities were at -0.5% YoY in December, up from -0.7% YoY in November.Here is a graph of the year-over-year change in shelter from the CPI report (through December) and housing from the PCE report (through November) Shelter was up 4.6% year-over-year in December, down from 4.8% in November. Housing (PCE) was up 4.8% YoY in November, down from 5.0% in October.This is still catching up with private new lease data. Core CPI ex-shelter was up 2.1% YoY in December.
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 4.0% 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.
The second graph shows that goods prices started to increase year-over-year (YoY) in 2020 and accelerated in 2021 due to both strong demand and supply chain disruptions.
Here is a graph of the year-over-year change in shelter from the CPI report (through December) and housing from the PCE report (through November)
Shelter was up 4.6% year-over-year in December, down from 4.8% in November. Housing (PCE) was up 4.8% YoY in November, down from 5.0% in October.
Core CPI ex-shelter was up 2.1% YoY in December.
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 4.0% 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 4.4% YoY as of December 2024, down from 4.5% YoY in November.
Services less rent of shelter was up 4.0% YoY in December, down from 4.1% YoY in November
Services less rent of shelter was up 4.0% YoY in December, down from 4.1% YoY in November
The second graph shows that goods prices started to increase year-over-year (YoY) in 2020 and accelerated in 2021 due to both strong demand and supply chain disruptions.Durables were at -1.9% YoY as of December 2024, up from -2.0% YoY in November.
Commodities less food and energy commodities were at -0.5% YoY in December, up from -0.7% YoY in November.
Commodities less food and energy commodities were at -0.5% YoY in December, up from -0.7% YoY in November.
Here is a graph of the year-over-year change in shelter from the CPI report (through December) and housing from the PCE report (through November)Shelter was up 4.6% year-over-year in December, down from 4.8% in November. Housing (PCE) was up 4.8% YoY in November, down from 5.0% in October.
This is still catching up with private new lease data.
Core CPI ex-shelter was up 2.1% YoY in December.
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