Wednesday, September 22, 2021

The Federal Reserve Bank Of Cleveland Is Still "Nowcasting" Inflation At A 6% Annualized Rate In the 3rd Quarter

From the Cleveland Fed (updated daily) the September CPI will be released October 13:

Inflation Nowcasting

  • Background: “Nowcasts” are estimates or forecasts of the present.
  • Description: We provide daily nowcasts of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the consumer price index (CPI).

Monthly Inflation Nowcasting

  Inflation, month-over-month percent change  
Month CPI Core CPI PCE Core PCE Updated
September 20210.360.330.300.2809/21
August 2021

0.230.1209/21
  Inflation, year-over-year percent change  
Month CPI Core CPI PCE Core PCE Updated
September 20215.404.184.233.5509/21
August 2021

4.093.4109/21

Note: If the cell is blank, it implies that the actual data corresponding to the month for that inflation measure have already been released.

Quarterly Inflation Nowcasting

  Quarterly annualized percent change  
Quarter CPI Core CPI PCE Core PCE Updated
2021:Q36.565.474.874.1209/21

Note: If the cell is blank, it implies that the actual data corresponding to the quarter for that inflation measure have already been released.

 

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