Comment on Inflation in the Overall Economy, Hitting Consumers, Businesses, and Governments, Was Really Bad in Q2, even without Energy by BenW

These inflation rates are far broader than the consumer-price inflation rates of CPI and the PCE price index. Both of these measures – overall inflation in GDP and core inflation in GDP – show red-hot inflation across the US economy for all participants in the economy. It uses the PCE price index, which is a measure of consumer price inflation. But the quarterly PCE price index, also released today by the Bureau of Economic Analysis, shows a similar trajectory and level. This is a subset of the GDP inflation data above, focusing on prices of goods and services that consumers pay.