Pantheon Macroeconomics

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18th Oct 2021 00:30U.S., Economic Monitor

  • Rising food service spending despite Covid Delta is a positive sign for fourth quarter consumption.
  • We're assuming that the drop in cases continues, facilitating a sustained surge in spending.
  • Soaring energy inflation will constrain the rate of in- crease of OER, but it will rise nonetheless.

base effects consumption core core cpi core inflation cpi energy energy inflation energy prices food gains goods housing income index inflation it labor measures personal income ppi prices real consumption remain rent rent inflation rents retail retail sales sales sales data sales numbers services spending u.s. us winter

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