4 ms·
I think you're missing the point even though you laid out all the necessary facts. Before reporting a big inflation number and potentially causing panic or alte
by hervature 5y ago
I think you're missing the point even though you laid out all the necessary facts. Before reporting a big inflation number and potentially causing panic or altering behavior, they believe (or hope) that the next months will have lower or even deflation so that they can average out to something more normal. Brought to an extreme, imagine waiting 50 years to be able to say "aha, see, inflation only averaged 3% from 2021-2071" even though there was a big spike in the first year.