US: Personal Consumption Expenditure

by David Beckworth

"Remember back in the days when Business Insider or some other site would ask you for your chart of the year?

This would be mine for 2021. It shows a 25-year deflationary trend for consumer durables pre-pandemic, but now it is causing high π. Hard to see this persisting because (1) I still believe in the power of global capitalism to lower production costs and (2) the large deficits of the past few years are unlikely going forward. Yes, there probably will be a permanently higher price level, but not a permanently higher π rate. "

Remember back in the days when Business Insider or some other site would ask you for your chart of the year?

This would be mine for 2021. It shows a 25-year deflationary trend for consumer durables pre-pandemic, but now it is causing high π. Hard to see this persisting... (1/2) pic.twitter.com/2kmEoJboSa

— David Beckworth (@DavidBeckworth) November 16, 2021

Related Datasets

Inflation - USA - BEA - Personal Consumption Expenditures Price Index