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A Statistical Revamp Is About to Lower Inflation, at a Critical Time

The Bureau of Economic Analysis is overhauling the PCE price index, potentially lowering the Federal Reserve's preferred inflation gauge.

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The brief

The Bureau of Economic Analysis is implementing a statistical revamp of the PCE price index methodology. This change is expected to result in a downward revision of the inflation gauge used by the Federal Reserve.

Coverage from the WSJ, Seeking Alpha, and Crypto Briefing emphasizes that inflation may appear lower despite costs remaining high. Additionally, research from the St.

Louis Fed is floating new ways to measure underlying inflation, while KC Fed's Schmid and Grand Island suggest it is time to stop excluding food prices from core inflation. Future developments center on the implementation of the new methodology and whether the definition of 'core' inflation will be changed to include food prices.

Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 5h ago.

Quick answers

Which organization is changing the inflation gauge?

The Bureau of Economic Analysis is overhauling the PCE price index methodology.

What is the expected result of this statistical revamp?

The revamp is set to lower the Federal Reserve's preferred inflation gauge.

What specific change regarding 'core' inflation has been suggested?

KC Fed's Schmid and Grand Island believe the time has come to stop excluding food prices from core inflation calculations.

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