blueskylings get a supercore songet.....
October 10, 2025 at 3:29 AM
blueskylings get a supercore songet.....
RBADVISERS:
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
June 11, 2026 at 2:12 PM
RBADVISERS:
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
US PCE Supercore (Y/Y) Apr: 3.767% (prev 3.525%)
-PCE Supercore (M/M): 0.4% (prev 0.664%)
-US Core PCE Supercore (Y/Y) Apr: 3.289% (prev 3.203%)
-Core PCE Supercore (M/M): 0.239% (prev 0.293%)
-PCE Supercore (M/M): 0.4% (prev 0.664%)
-US Core PCE Supercore (Y/Y) Apr: 3.289% (prev 3.203%)
-Core PCE Supercore (M/M): 0.239% (prev 0.293%)
May 28, 2026 at 12:41 PM
US PCE Supercore (Y/Y) Apr: 3.767% (prev 3.525%)
-PCE Supercore (M/M): 0.4% (prev 0.664%)
-US Core PCE Supercore (Y/Y) Apr: 3.289% (prev 3.203%)
-Core PCE Supercore (M/M): 0.239% (prev 0.293%)
-PCE Supercore (M/M): 0.4% (prev 0.664%)
-US Core PCE Supercore (Y/Y) Apr: 3.289% (prev 3.203%)
-Core PCE Supercore (M/M): 0.239% (prev 0.293%)
Quick teardown of CPI from today. My "supercore" series was the slowest since early 2021, rents decelerated, core CPI ex rent barely rose, and "supercore" services was very weak as well.
Optically the CPI data suggests tariff front-running drove prices up in April with reversal in May.
Optically the CPI data suggests tariff front-running drove prices up in April with reversal in May.
June 11, 2025 at 1:46 PM
Quick teardown of CPI from today. My "supercore" series was the slowest since early 2021, rents decelerated, core CPI ex rent barely rose, and "supercore" services was very weak as well.
Optically the CPI data suggests tariff front-running drove prices up in April with reversal in May.
Optically the CPI data suggests tariff front-running drove prices up in April with reversal in May.
Supercore services deflation! This is a big deal. Forget the November data alone, clear trend of disinflation here.
January 13, 2026 at 1:41 PM
Supercore services deflation! This is a big deal. Forget the November data alone, clear trend of disinflation here.
CAPITAL ECONOMICS: ".. The bigger concern is that the ISM services prices paid index edged up to 69.4, which means it continues to point to an acceleration in PCE supercore inflation to around 4%, from just over 3% now."
October 3, 2025 at 3:01 PM
CAPITAL ECONOMICS: ".. The bigger concern is that the ISM services prices paid index edged up to 69.4, which means it continues to point to an acceleration in PCE supercore inflation to around 4%, from just over 3% now."
Whey, Creatine, and Zyns should be part of the supercore CPI
July 15, 2026 at 3:27 PM
Whey, Creatine, and Zyns should be part of the supercore CPI
Encouraging CPI report under the hood after acceleration in the fall.
January 15, 2025 at 2:13 PM
Encouraging CPI report under the hood after acceleration in the fall.
"paul, we love your weekly column about how the fed has reduced annualized quarterly trimmed supercore median pce to 2% and should start cutting rates, but have you consdiered doing some pieces about how every trans person is a satanic pedophile? that's more our beat these days"
CJR has a fair-minded piece on why I left the Times. All in the past now; I'm basically full-time on Substack www.cjr.org/analysis/pau...
Paul Krugman on Leaving the New York Times
The paper wanted to take away his newsletter or make him write less frequently, he says.
www.cjr.org
January 24, 2025 at 1:27 PM
"paul, we love your weekly column about how the fed has reduced annualized quarterly trimmed supercore median pce to 2% and should start cutting rates, but have you consdiered doing some pieces about how every trans person is a satanic pedophile? that's more our beat these days"
Indeed, both core and "supercore" (core services excluding housing) are up sharply on a three-month annualized basis. Inflation clearly an issue even before the war with Iran sent energy prices through the roof.
April 30, 2026 at 1:39 PM
Indeed, both core and "supercore" (core services excluding housing) are up sharply on a three-month annualized basis. Inflation clearly an issue even before the war with Iran sent energy prices through the roof.
I was promised cheap eggs and all I got was much higher SuperCore AND this lousy UFC x Whitehouse ‘26 t-shirt.
June 11, 2026 at 2:36 PM
I was promised cheap eggs and all I got was much higher SuperCore AND this lousy UFC x Whitehouse ‘26 t-shirt.
left wing vibecession discourse: alas, the voters can never be wrong, we shall discuss mean trimmed supercore seasonally adjusted producer prices to show they are right
right wing vibecession discourse: if you want to buy food you're fat and gay
right wing vibecession discourse: if you want to buy food you're fat and gay
for reasons that only make sense if you're insane, a TPUSA kid complaining about burrito costs on xitter has the GOP's biggest divas going for each other's throats.
August 6, 2026 at 1:39 PM
left wing vibecession discourse: alas, the voters can never be wrong, we shall discuss mean trimmed supercore seasonally adjusted producer prices to show they are right
right wing vibecession discourse: if you want to buy food you're fat and gay
right wing vibecession discourse: if you want to buy food you're fat and gay
Forget war: supercore PPI scorching. #econsky
RBADVISERS:
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
June 11, 2026 at 2:41 PM
Forget war: supercore PPI scorching. #econsky
There were good details, particularly non-housing core services aka supercore. That's been sticky inflation in recent years and picked up earlier this year. June saw a decline, owing to some outliers. Supercore rose 0.2% in July, which is well below the pace early in the year.
August 12, 2026 at 4:38 PM
There were good details, particularly non-housing core services aka supercore. That's been sticky inflation in recent years and picked up earlier this year. June saw a decline, owing to some outliers. Supercore rose 0.2% in July, which is well below the pace early in the year.
June 15, 2026 at 2:10 PM
CAPITAL ECON: ".. ISM services prices paid index jumped back up to 66.6, up 1.5-points from 65.1 in December. While still below its three-year-high of 70.0 last October, the figure does imply that PCE core services ex-housing (aka 'supercore') inflation may remain above target for some time .."
February 4, 2026 at 3:45 PM
CAPITAL ECON: ".. ISM services prices paid index jumped back up to 66.6, up 1.5-points from 65.1 in December. While still below its three-year-high of 70.0 last October, the figure does imply that PCE core services ex-housing (aka 'supercore') inflation may remain above target for some time .."
On the other hand, "supercore" inflation -- services prices excluding housing and energy -- has jumped on a year-over-year basis. That's not primarily about the war -- the hot monthly supercore reading came in January.
June 10, 2026 at 1:18 PM
On the other hand, "supercore" inflation -- services prices excluding housing and energy -- has jumped on a year-over-year basis. That's not primarily about the war -- the hot monthly supercore reading came in January.
Trump failure ex. 9999: supercore” inflation — prices of services excluding energy and housing — which some policymakers see as a measure of underlying price pressures in the economy. That number came in very hot today, up 0.5 percent on a monthly basis and up 3 percent from a year ago.
Update from Ben Casselman
www.nytimes.com
September 11, 2026 at 12:52 PM
Trump failure ex. 9999: supercore” inflation — prices of services excluding energy and housing — which some policymakers see as a measure of underlying price pressures in the economy. That number came in very hot today, up 0.5 percent on a monthly basis and up 3 percent from a year ago.
War's alibi fails: supercore surges. #econsky
RBADVISERS:
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
June 11, 2026 at 2:41 PM
War's alibi fails: supercore surges. #econsky
3mo annualized US Supercore CPI 1.13%
6mo 2.52% though Augur Infinity @soberlook
augurdigest.com/p/au...
6mo 2.52% though Augur Infinity @soberlook
augurdigest.com/p/au...
February 13, 2026 at 11:38 PM
3mo annualized US Supercore CPI 1.13%
6mo 2.52% though Augur Infinity @soberlook
augurdigest.com/p/au...
6mo 2.52% though Augur Infinity @soberlook
augurdigest.com/p/au...
Energy commodities CPI +4.2% in August m/m
Fuel oil +10.1%.... supercore CPI +0.5%, up 3.0% YoY
Fuel oil +10.1%.... supercore CPI +0.5%, up 3.0% YoY
September 11, 2026 at 12:35 PM
Energy commodities CPI +4.2% in August m/m
Fuel oil +10.1%.... supercore CPI +0.5%, up 3.0% YoY
Fuel oil +10.1%.... supercore CPI +0.5%, up 3.0% YoY
No, because France is supercore to the European project. Have we learned nothing from the history of Euro crises? Europe has to be viewed primarily through a political lens, not an economic one.
November 29, 2024 at 11:18 AM
No, because France is supercore to the European project. Have we learned nothing from the history of Euro crises? Europe has to be viewed primarily through a political lens, not an economic one.