This reminds me of a example that happened just a couple days ago. The White House tweet that 70 percent of the inflation in March was due to Putin. That makes

This reminds me of a example that happened just a couple days ago. The White House tweet that 70 percent of the inflation in March was due to Putin. That makes you think Putin is causing a lot of the March 2022 over March 2021 inflation number reported, which was 8.5%. However the inflation number they compared was March 2022 over February 2022, which was only 1.2% inflation of which 70% is a small much smaller effect and also was a relatively short term jump because markets thought the sanctions were going to be much stricter and bid up the prices in March and prices of many Russia produced goods have lowered some already after that expectation was reversed. This type of confusion is cause us to wrongly assess what is causing inflation or at least what is causing the biggest impact and our only hope is that the policy makers are actually reading these things correctly and able to make decisions but simply informing the public in unclear ways.