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MegaButts | 5 months ago

3% is 50% more than 2%, so it's nowhere near being within 1% of the target. I'm not trying to be pedantic, but there is an enormous difference between 1% and 50%.

https://xkcd.com/985/

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Dylan16807|5 months ago

It was clear what I meant so yeah that's pedantry. Precision down to 1% of 2% of prices is impossible.

If the target was no change in prices, we wouldn't say inflation is infinity percent off target every month.