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

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.