https://www.stlouisfed.org/on-the-economy/2023/nov/using-core-inflation-predict… Created Wed, 29/11/2023 - 03:00 Updated Wed, 29/11/2023 - 03:00 An analysis of CPI data suggests that a measure of inflation excluding food and energy and a measure excluding only energy are useful predictors of overall inflation 12 months in the future.