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Core inflation helps forecast overall inflation, because food and energy prices vary only temporarily
Drawn from what John H. Cochrane said, then moved away from
What John H. Cochrane actually said
- John H. Cochrane Economist at the Hoover Institution
Recalls holdingThis is way worse than I thought. I thought Core would help a bit. I believed that food and energy would have temporary variation which core would tell us to ignore.
Their words nowRow 3, in a multiple regression, core does nothing to help to forecast inflation.
Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us
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