4 ms·

Nah, this headline is just wrong. The standard way to formulate YoY changes is what GP said, or "Consumer prices rose 8.5% in the year ending in March". The M

Nah, this headline is just wrong. The standard way to formulate YoY changes is what GP said, or "Consumer prices rose 8.5% in the year ending in March". The MoM change for March is a hefty 1.2% in its own right.

parkingrift 5y ago
This headline may be "wrong" in your eyes but this is the way that inflation is universally reported. Even finance centric news sites such as Bloomberg or WSJ report inflation in this way. It is universally understood to mean year ending.
- stickfigure 5y ago
  Given the amount of confusion here, it's not universal. HN can do better than Bloomberg or WSJ. Clarity matters, mods should change the title.
  - parkingrift 5y ago
    The only thing I see here is people making petty semantics arguments. No one seems confused as to what we're actually discussing.
    - ask_b123 5y ago
      I was confused because it really is a confusing wording.
- tedunangst 5y ago
  The WSJ headline is "U.S. Inflation Accelerated to 8.5% in March". It doesn't say prices rose 8.5% in March alone.
- colinmhayes 5y ago
  You're just not right. Saying prices rose 8.5% in March means prices rose 8.5% in March, not in the year ending in march. Reputable journalists say inflation rose to 8.5% in march, which isn't the same as saying prices rose 8.5% at all. I really don't think this is petty at all. Saying prices rose 8.5% in a month is incredibly misleading.
  - parkingrift 5y ago
    My comment isn't that the wording is right. It's that there is no ambiguity on what is actually being reported. This "issue" only exists in the mind of grammar warriors on message boards.
- 6gvONxR4sf7o 5y ago
  “Inflation was X% in march” is what you’re suggesting. But the title just says “Consumer prices rose X% in march.”
thehappypm 5y ago
Gas is dominating the March spike though; not saying it isn’t accurate, but it’s not a clear indicator that inflation is actually spiking right now.

parkingrift 5y ago

This headline may be "wrong" in your eyes but this is the way that inflation is universally reported. Even finance centric news sites such as Bloomberg or WSJ report inflation in this way. It is universally understood to mean year ending.

stickfigure 5y ago
Given the amount of confusion here, it's not universal. HN can do better than Bloomberg or WSJ. Clarity matters, mods should change the title.
- parkingrift 5y ago
  The only thing I see here is people making petty semantics arguments. No one seems confused as to what we're actually discussing.
  - ask_b123 5y ago
    I was confused because it really is a confusing wording.
tedunangst 5y ago
The WSJ headline is "U.S. Inflation Accelerated to 8.5% in March". It doesn't say prices rose 8.5% in March alone.
colinmhayes 5y ago
You're just not right. Saying prices rose 8.5% in March means prices rose 8.5% in March, not in the year ending in march. Reputable journalists say inflation rose to 8.5% in march, which isn't the same as saying prices rose 8.5% at all. I really don't think this is petty at all. Saying prices rose 8.5% in a month is incredibly misleading.
- parkingrift 5y ago
  My comment isn't that the wording is right. It's that there is no ambiguity on what is actually being reported. This "issue" only exists in the mind of grammar warriors on message boards.
6gvONxR4sf7o 5y ago
“Inflation was X% in march” is what you’re suggesting. But the title just says “Consumer prices rose X% in march.”

thehappypm 5y ago

Gas is dominating the March spike though; not saying it isn’t accurate, but it’s not a clear indicator that inflation is actually spiking right now.