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I'm quoting numbers from the BLS, no need to point me at the BLS. The last two months of CPI were 0.2 and 0.4 respectively. (0.2 + 0.4) * 6 = 3.6, not 7. You a
by galdosdi 4y ago
I'm quoting numbers from the BLS, no need to point me at the BLS.
The last two months of CPI were 0.2 and 0.4 respectively. (0.2 + 0.4) * 6 = 3.6, not 7. You accidentally put a factor of 2. (yes I know multiplying by 12 to go from month to year is an approximation, but it works well)
- kotlin2 4y agoFood and energy have very high variance. The Fed uses core CPI, which excludes food and energy, as an important gauge of price changes. The data I quoted was the core CPI data (also from BLS). To use the non-core CPI numbers for the last two months is really cherry picking, especially with how much energy costs were down last month.