Supply and Demand Driven PCE Inflation

Decomposition of inflation into supply-driven, demand-driven, and ambiguous components

Shapiro (2026), Journal of Money, Credit and Banking | Published Article | Working Paper

Select options below to customize the inflation decomposition view.

Inflation Series:

Headline PCE Core PCE (ex. food & energy)

Frequency:

Year-over-year (y/y) Monthly (m/m) Quarterly (q/q)

Breakdown:

Model with ambiguous category

Start Date: 2019-01

End Date: 2026-04

Supply and Demand Driven Inflation Contributions