Ex-Food and Energy

Ex-Food and Energy

A measure of inflation in the United States that considers what people spend on staple goods and services other than food and energy. It is calculated by taking the average of price changes to a basket of goods and services compiled by the U.S. Department of Labor. The ex-food and energy index is identical to the Consumer Price Index except that it leaves out food and energy. Some consider the ex-food and energy index a more reliable measure of inflation, as food and energy prices are quite volatile. Critics, however, contend that leaving these prices out does not adequately measure short-term changes in the real value of money.
References in periodicals archive ?
PPI preview: PPI is expected to rise 0.4% in March (median 0.3%) vs 0.1% in February, while ex-food and energy, PPI is expected to rise 0.2% in March (median 0.2%).
The figures and tables in the article illustrate how k-core inflation behaves, and how it compares to inflation ex-food and energy and to trimmed mean inflation.
On a 12-month basis, the headline slowed to 1.7% y/y versus 1.8% y/y, with the ex-food and energy component steady at 2.3% y/y.
On a 12-month basis, the headline accelerated to a 2.0% y/y clip versus 1.9% y/y, while the ex-food and energy component is up 2.1% y/y from 2.0% y/y.
Projections on core inflation were also knocked down with CPI ex-food and energy at 2.1% for this year, versus the pervious 2.3% expectation, with 2020 core PCE seen at 1.7% versus 2.0%.
PPI preview: PPI is expected to rise 0.1% in June (median 0.2%) vs 0.5% in May, while ex-food and energy PPI may rise 0.2% in June (median 0.2%) vs 0.3%.
There were no revisions to June where the headline and ex-food and energy component each up 0.3%.
The 12-month pace was flat at 2.9% y/y, but the ex-food and energy component accelerated to 2.4% y/y versus 2.3% y/y previously.
Compared to last November, the headline price index slowed to 1.8% y/y versus 2.0% y/y, but the ex-food and energy component accelerated slightly to 1.9% y/y from 1.8% y/y.
The headline 12-month pace slowed to 2.2% y/y from 2.5% y/y, with the ex-food and energy component edging up to 2.2% y/y from 2.1% y/y.
PPI preview: PPI is expected to be flat in November (median unchanged) vs 0.6% in October, while ex-food and energy, PPI is expected to rise 0.1% in November (median 0.2%) vs 0.5%.
On a 12-month basis, the headline slowed to 2.5% y/y versus 2.9%, but the ex-food and energy component picked up to 2.7% y/y versus 2.6% y/y.