Latest Breaking News

progree

(13,071 posts)

5. Yes, that's how the PCE does it too (though with more categories) -- if a lot of people switch from beef to chicken neck

Reply to BumRushDaShow (Reply #4)

Mon May 11, 2026, 08:52 PM

Monday

if a lot of people switch from beef to chicken necks and other cheaper cuts of meat, then this results in less meat inflation than there actually is. But the Federal Reserve likes it (I think because it runs lower than the CPI, and so is an easier target to hit).

I noticed in the Numerator report that although month-to-month was hot in April (+0.49%), it was just 0.0% in March.
(I do like that they have a lot of graphs)

The "all items" PCE (which includes gasoline, other energy, and food) was 0.66% in March (using the actual index numbers to calculate for an extra digit). That annualizes to 8.3%

And the core PCE (no gasoline, no energy, no food) was up 0.29% in March (which annualizes to 3.6%).

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

BumRushDaShow

11 replies

= new reply since forum marked as read

Highlight:

New Data Shows Grocery Prices Rise For Americans Since Iran War [View all] BumRushDaShow Monday OP

New data shows groceries are more expensive than yesterday. twodogsbarking Monday #1

"everyday goods are now up 2.4 percent from a year ago, " - sure Jan progree Monday #2

It looks like they do a "market-basket" type data collection based on select commonly-purchased products BumRushDaShow Monday #4

Yes, that's how the PCE does it too (though with more categories) -- if a lot of people switch from beef to chicken neck progree Monday #5

I don't understand where they get their numbers. slightlv Monday #3

At the bottom of the link the page is this BumRushDaShow Tuesday #7

Most things in stores is up a whole helluva lot more than "2.9%" GenThePerservering Monday #6

Kick BlueWavePsych Tuesday #8

MaddowBlog-U.S. inflation surged in April, pushed higher by the effects of the Iran war LetMyPeopleVote Tuesday #9

It was the threat of tariffs that caused prices to soar FakeNoose Tuesday #10

They suppressed it as long as they could. republianmushroom Tuesday #11