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What doesn't make headlines is the longer term average for inflation as well; The diminishing effectiveness (in part based on global unison from 2008) meant th
by smileysteve 4y ago
What doesn't make headlines is the longer term average for inflation as well;
The diminishing effectiveness (in part based on global unison from 2008) meant that the federal reserve could not reach its target 2% inflation a year from 2008 until 2021.
In a history of being under inflation targets by .5% for 14 years, 8.5% in one year is partly a headline grabber. And we have wage growth happening.
- JumpCrisscross 4y ago> the federal reserve could not reach its target 2% inflation a year from 2008 until 2021 This is an excellent point. Between January 2012 and January 2022, CPI-U grew at 2.2% annually [1][a]. [1] https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm https://www.bls.gov/regions/mid-atlantic/data/consumerpricei... [a] (281.148 / 226.665) ^ (1 / 10) - 1