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Present differing trajectories, relying on protection, development.
Determine 1: CPI (blue), chained CPI adjusted by creator utilizing X-13 (tan), CPI for wage and clerical staff (pink), HICP adjusted by creator utilizing X-13 (purple), PCE deflator (inexperienced), all in logs, 2022M01=0. Supply: BLS through FRED, BEA, and creator’s calculations.
Be aware that PCE makes use of costs of products and companies as truly transacted, whereas CPI measures costs confronted by shoppers.
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