Here a few measures of inflation:
The first graph is the one Fed Chair Powell has been mentioning.
This graph shows the YoY price change for Services and Services less rent of shelter through March 2023.
Services less rent of shelter was up 5.2% YoY in April, down from 6.1% YoY in March.
Commodities less food and energy commodities were up 2.1% YoY in April, up from 1.6% YoY in March.
Shelter was up 8.1% year-over-year in March, down from 8.2% in March. Housing (PCE) was up 8.3% YoY in March.
The BLS noted this morning: “The index for shelter was the largest contributor to the monthly all items increase …”