A Year Later, Core Inflation Doesn't Look So Rotten

A Year Later, Core Inflation Doesn't Look So Rotten: Remember the attack on core inflation? Right about this time a year ago there was a wave of criticism aimed at the idea that core inflation—headline inflation less food and energy prices—is a useful predictor of overall pricing pressures. But a funny thing happened on the way to the lynching of core: the much-maligned concept for looking ahead turned out to be reliable… again.


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