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Not that misleading. If you zoom out 5 years or more, you'll note increased slope of the CPI index over the past couple of years. https://fred.stlouisfed.org/s
by bitshiftfaced 5y ago
Not that misleading. If you zoom out 5 years or more, you'll note increased slope of the CPI index over the past couple of years.
https://fred.stlouisfed.org/series/CPIAUCSL https://fred.stlouisfed.org/series/CPIAUCSL
It's fair to say that inflation has been at an accelerated rate over a time period that makes sense to most folks. Saying that it has decreased month-to-month is more misleading in my opinion. If you were to pick any random period in time, chances are inflation wouldn't be increasing as fast as it has been over those recent "declining" months.
- pwinnski 5y agoMost of the time, a month-to-month comparison might miss the forest for the trees. Except that in this case, the forest in question has just gone through a pandemic.
- rssoconnor 5y agoTo be fair, you ought to select the option to put it on a (natural) log scale. The effect you note is still apparent, but the log scale makes one's tendency to compare it to the 70's more fair.