Inflation data

Wholesale inflation surged in February — headline PPI 3.4% year-over-year vs. 2.9% expected, core PPI 3.9% vs. 3.7%. Core is at its highest since February 2023. This data does not include the Iran conflict. Rate cuts are being priced out.

Eggs, rent, home prices, ground beef, gas, insurance — how much has each one actually changed since 2019? We put all 15 indexes on a single chart so you can see the full picture at a glance.

The Federal Reserve's preferred measure of inflation moved in the wrong direction in January — and that was before a war in the Persian Gulf started pushing oil prices higher. Core PCE ticked up to 3.1%; the Fed is effectively handcuffed heading into its March meeting.