You may be familiar with the most famous Consumer Price Index US inflation gauge, You may also learn about core inflation, which excludes food and energy prices that tend to be volatile. Since November, the Fed has focused on an even narrower measure to guide interest rate policy: supercore inflation, So what exactly is it?
What is supercore?
The name alludes to the Fed’s focus on a thin set of prices that remain very high. Supercore inflation includes the price of services other than energy and housing – things like barbers, lawyers or plumbers.