Techdamentals
Oct 14, 4:54 AM
$CVX produces crude oil and refines fuel, placing it on both sides of the energy move that is driving most of the gap between headline and core inflation this year.
Headline CPI includes food and energy; core strips them out because those prices swing on weather and global oil markets rather than everyday demand. Energy was up 16.3% in August even though it is only 6.4% of a household's spending.
That 6.4% weight produced close to a third of August's 3.4% headline reading, with gasoline up 27.4% and fuel oil up 52% for the year.
Full explainer, plain English: https://youtu.be/le-mFDuzQd8
Educational, not advice.
https://techdamentals.com/newsletter/why-cpi-and-core-inflation-tell-different-stories?ref=st
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