That Darned Disinflationary Service Economy!

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisQAS__hDWDeFF6ET-aCqKy7H8wPX5vstgrHK0ARVpbtf0HIqYUYlNZIZJAmbpdmj2QEDJsmkSRFWNghBInI5IWu88hXBHLGcNkh50XTGYJfjbY-4XmGtIyX9VZOfHzFRd2tGgx0ScxsQ/s1600/CPI+-+Services+Less+Energy+Services.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisQAS__hDWDeFF6ET-aCqKy7H8wPX5vstgrHK0ARVpbtf0HIqYUYlNZIZJAmbpdmj2QEDJsmkSRFWNghBInI5IWu88hXBHLGcNkh50XTGYJfjbY-4XmGtIyX9VZOfHzFRd2tGgx0ScxsQ/s320/CPI+-+Services+Less+Energy+Services.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />The good news is that we almost made it back to the top of the trend channel again. I'll leave the bad news as an exercise for the reader.<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=pCy">St. Louis Fed: CPI-U: Services Less Energy Services</a>

That Darned Disinflationary Service Economy!

Click to enlarge. The good news is that we almost made it back to the top of the trend channel again. I'll leave the bad news as an exer...

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