Watch the Data not the News on Inflation

Last week the latest CPI inflation data came out from the BLS. If you watched the news, they played it up. While we don't know what inflation will be with any certainty, stop watching the news and start watching the data for yourself. In this week's episode, Derek runs through factors to keep an eye on and where you can track the data for yourself. What's going in with rental car prices? What about energy prices? What happens if you remove the re-opening items from core CPI? CPI Consumer Price Index up 5.4% year over year in June 2021 Why are rental car prices surging? Commenting on Scott Minerd's piece on Guggenheim's site around inflation Sticky CPI vs Flexible CPI Real Disposable income check-in Housing prices vs mortgage payments as a percent of real disposable income Interesting items in CPI including rent, owners equivalent rent, shelter, used cars, rental cars, and more How you can track CPI trends Where to find the data on FRED Federal Reserve Bank of St. Louis site Mentioned in this Episode: Real Disposable Income data https://fred.stlouisfed.org/series/DSPIC96 Sticky CPI vs Flexible CPI data https://www.atlantafed.org/research/inflationproject/stickyprice Mortgage Debt Service as Percent of Disposable Income https://fred.stlouisfed.org/series/MDSP Household Debt Service as Percent of Disposable Income https://fred.stlouisfed.org/series/TDSP Article explaining the rise in rental car prices https://www.businessinsider.com/rental-car-shortages-us-travel-demand-chip-shortage-2021-4 Scott Minerd Guggenheim piece saying not to panic on inflation https://www.guggenheiminvestments.com/perspectives/macroeconomic-research/still-no-reason-to-panic-about-inflation?utm_source=twitter&utm_medium=social&utm_term=scott+minerd&utm_content=macroeconomic+research&utm_campaign=macro+alert BLS Inflation Data Release https://www.bls.gov/cpi/ Derek Moore's Book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547?ref_=nav_signin&