Deviation Of Instantaneous Inflation From Target

Image Source: For CPI, CPI core, PCE deflator, PCE core deflator:Figure 1: Instantaneous inflation (T=12,a=4) for CPI (blue), CPI core (sky blue), PCE deflator (light green), PCE core deflator (red), per  NBER defined peak-to-trough recession dates shaded gray. Source: BLS, BEA, NBER and author’s calculations.More By This Author:Gasoline Prices Thru January 3 Foreign Term Spread Augmented Recession Model PredictionFX Turnover Through 2022