Let’s Look at Four Measures of Inflation Plus a Spotlight on Food – Mish Talk

Chart Notes

• CPI stands for Consumer Price Index
• PCE stands for Personal Consumption Expenditures. 
• PCE differs from the CPI (Consumer Price Index) in that it includes expenses paid on behalf of consumers such as Medicare and company medical plans whereas the CPI only included expenses directly paid by consumers.
• Core means excluding food and energy
• Neither the CPI nor PCE directly includes home prices, instead they incorporate rent 
• The yellow highlights on dates indicates timing of free money stimulus checks