Justin Wolfers Predictions
Professor of Public Policy And Economics at the University of Michigan
Track Justin Wolfers's public market predictions and forecast accuracy. Each prediction is recorded from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.
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[26:05] So on Friday the latest CPI numbers come out. And they're going to show the effects of the Iran war and they're going to show headline inflation going spiking in a quite dramatic way.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
The March 2026 CPI report (released April 10, 2026) showed headline inflation jumping to 3.3% YoY — up sharply from 2.4% in February — driven largely by a 21.2% monthly surge in gasoline prices tied to the Iran war and Strait of Hormuz disruptions. The prediction of a dramatic headline inflation spike due to the Iran war was correct. (https://www.bls.gov/news.release/archives/cpi_04102026.htm)
See quote
[27:13] most of the serious economic models suggest that the oil price shock coming out of Iran will have quite a large effect on headline inflation but actually very very muted effect on core inflation.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
March 2026 CPI data showed headline inflation surged to 3.3% (driven by gasoline up 21.2%), while core CPI rose only 0.2% monthly and 2.6% annually — confirming the predicted large headline/muted core split from the Iran oil shock. (https://www.cnn.com/2026/04/10/economy/us-cpi-inflation-march)