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Is Inflation Transitory or Was it the Decline in the Rate of Inflation?
by Mish Shedlock, Mish Talk: Following the BEA’s release of PCE price inflation, let’s discuss inflation. PCE vs CPI The PCE price index is the Fed’s preferred measure of inflation. PCE includes prices paid on behalf of consumers such as Medicare and corporate health insurance. TRUTH LIVES on at https://sgtreport.tv/ The CPI only counts items directly […]