2 ms·
> Year-over-year comparisons reflect the abysmal economic conditions during the pandemic. Great point, May of 2020 is the valley for the price drop so makes se
by xhrpost 5y ago
> Year-over-year comparisons reflect the abysmal economic conditions during the pandemic.
Great point, May of 2020 is the valley for the price drop so makes sense to see it much higher since then as we "make up" for lost time.
If we instead look back to February 2020 before the dip, can we annualize including that? If my math is correct, we could determine the average monthly inflation (not including compounding) and then multiply by 12 to annualize it? If so, we're looking at about 2.8% inflation, which is still above the Fed target but not terrible.
268.551(feb20)-258.824(may21) = 9.727
(( 9.727 / 258.824) / 16) * 12 = .0282
https://fred.stlouisfed.org/series/CPIAUCSL#0 https://fred.stlouisfed.org/series/CPIAUCSL#0