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One pet peeve of mine in all of this inflation talk is that all of the comparisons are to a year ago, i.e. to a very unusual year. I'd much rather see the annua
by topaz0 5y ago
One pet peeve of mine in all of this inflation talk is that all of the comparisons are to a year ago, i.e. to a very unusual year. I'd much rather see the annualized increases from two years ago. Better yet, show both numbers so we can understand the both the trend and the covid effect.
- gruez 5y ago>One pet peeve of mine in all of this inflation talk is that all of the comparisons are to a year ago, i.e. to a very unusual year. you mean the YOY numbers? That might have been a big issue for the march-may numbers (where the dip was the most dramatic), but for the latest inflation data (november) we see that the YOY data it was comparing against (ie. november of last year) has mostly recovered back to the trendline. https://i.imgur.com/0ufS56V.png https://i.imgur.com/0ufS56V.png
- topaz0 5y agoThe plot you share is exactly the context I am asking for. It looks like "mostly recovered back to the trendline" is technically true, but it's still measurably below that trendline. And my point is that, even if it was fully at the trendline last Nov, I would want the article to say that, because it's not something that I would a priori expect. To be clear, I am not arguing that the narrative is wrong, just that the article doesn't have the context to convince me that the narrative is right.
- spiralx 5y agoLast years huge dip due to COVID has been great for spinning all different kinds of narratives that fall apart when you look beyond last May. There are definitely those with vested interests in pushing the "economy is in tatters and spiralling out of control" angle, I'm sure you can think of some.