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jlongr | 5 months ago

You concede that monthly inflation is volatile but then proceed to assume it is has grown uniformly and speculate that it will continue to grow uniformly? Umm...

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UncleMeat|5 months ago

The point is that the annual number is often rather confusing from a reporting perspective.

m101|5 months ago

And that an annual number is diluted and will only feed in slowly over time.

If we knew inflation was permanently at 5% from now on, a blend with 2% for 11 months and 5% for 1 month, is not informative.

jlongr|5 months ago

They said: "12*0.4% is 4.8%. Inflation is running at an annualised 4.8%."

This is patently wrong.