Anna Wong(@AnnaEconomist):What Bloomberg Price Project (now covering 85% of the basket) is saying about May’s CPI. @tdurie95 Flagging: -pickup in computer related goods (that memory chip and nand shortage) -strong airfares -accelerated inflation in sports equipment and major appliances (basically stuff that has high metal component—this may seem like tariffs pass through but is not) And yet… Core cpi close to the pace consistent with Fed’s 2% inflation target How to square? Weak recreation services inflation. People are cutting back to gyms, clubs, streaming services, vets visits, dental visits….

Anna Wong

@AnnaEconomist

Chief US Economist, Bloomberg LP @economics. Former Fed/CEA/US Treasury, PhD @uchi_economics BA @UCberkeley. All opinions are my own.

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Anna Wong@AnnaEconomist

2026.06.10 00:28

What Bloomberg Price Project (now covering 85% of the basket) is saying about May’s CPI. @tdurie95 Flagging: -pickup in computer related goods (that memory chip and nand shortage) -strong airfares -accelerated inflation in sports equipment and major appliances (basically stuff that has high metal component—this may seem like tariffs pass through but is not) And yet… Core cpi close to the pace consistent with Fed’s 2% inflation target How to square? Weak recreation services inflation. People are cutting back to gyms, clubs, streaming services, vets visits, dental visits….